460 avsnitt • Längd: 35 min • Veckovis: Fredag
The Business of Fashion has gained a global following as an essential daily resource for fashion creatives, executives and entrepreneurs in over 200 countries. It is frequently described as “indispensable,” “required reading” and “an addiction.”
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The podcast The Business of Fashion Podcast is created by The Business of Fashion. The podcast and the artwork on this page are embedded on this page using the public podcast feed (RSS).
Fashion narrator Lyas is one of the most compelling and authentic fashion communicators to have arrived on the scene, and whose takes on fashion shows and editorials are incisive, honest and well-informed.
“I think we’ve lost the mindset of thinking that it’s possible to be creative and make money for the company, because the golden age of designers is over,” he says. “Now, every designer is disposable. It’s like musical chairs—every month, there’s someone leaving, someone coming.”
Lyas’s journey has been shaped by his belief in the emotional power of storytelling, which he sees as central to fashion communication. Using TikTok and Instagram to communicate his thoughts and opinions, his fashion roulette videos and witty runway dissections have captured the attention of hundreds of thousands of viewers. Recently, he has bemoaned the dilution of creativity across the fashion industry.
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Nike’s streak as the undisputed leader in the activewear category spans generations, but the brand is facing its most significant hurdles in decades. However, recent shifts in leadership, oversupply issues and a botched direct-to-consumer strategy have chipped away at its once-untouchable brand image. As challengers like Hoka and On gain ground, and archrival Adidas surges, Nike faces mounting pressure to innovate and reconnect with consumers.
“Nike remains a behemoth, … but all is not well,” says Miller. “The brand is on course for its worst financial performance in over a quarter of a century, and unfortunately for Nike, trouble is happening everywhere, all over the brand.”
This week on The Debrief, BoF executive editor Brian Baskin and senior correspondent Sheena Butler-Young sit down with sports correspondent Daniel-Yaw Miller to explore how Nike fell off track and the strategic moves it’s making to reclaim its market dominance.
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As the first female, Black, and South Asian Vice President of the United States, Kamala Harris’s every move is closely watched — from her policy decisions to her wardrobe. With Harris now leading the Democratic ticket in the 2024 presidential election, her style and beauty choices — from her for her sleek silk press hairstyle to her endless variety of pantsuits — have sparked renewed discussion.
“She is communicating something, even if it's not remarkable,” said BoF senior correspondent Sheena Butler-Young. “No one truly opts out of signalling something with how they present themselves.”
This week on The Debrief, BoF executive editor Brian Baskin sat down with Butler-Young and editorial apprentice Yola Mzizi to explore how Harris’s beauty and fashion choices are being interpreted by different audiences across the political spectrum, and what that means for the future of political style.
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2024 has brought forth the arrival of the “Sephora tweens,” which refers to members of Gen Alpha (roughly defined as those born between 2010 and 2024) who have enthusiastically taken to buying up skincare and makeup. This phenomenon, driven largely by beauty-related chatter on social media, has resulted in a new wave of brands catering specifically to this younger demographic.
“There are now teen brands, tween brands, 20-something brands, 30-something brands. … I think we can thank the DTC movement and everything that happened from 2014 on for this kind of innovation,” Rao says. “There's been a total disruption in beauty overall with challenger brands like Glossier that have come and really taken market share away from the big conglomerates and companies … that have been household names for a really long time.”
This week on The BoF Podcast, senior correspondent Sheena Butler-Young and executive editor Brian Baskin sat down with Priya Rao, executive editor at The Business of Beauty at BoF, to delve into how tweens have taken over the beauty aisle and what this means for the future of the industry.
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Many of fashion’s largest manufacturing hubs, particularly in South and Southeast Asia, are increasingly at risk of dangerous, record-breaking heatwaves. As extreme heat becomes more frequent, more intense and longer-lasting, what is the cost to industry and how will we adapt to the growing climate risks?
Senior correspondent, Sheena Butler-Young and executive editor, Brian Baskin sat down with BoF sustainability correspondent Sarah Kent to understand what rising global temperatures means for the future of garment production.
“We have to assume that it’s the new norm and or at least a new baseline. It’s not like every year will necessarily be as bad, but consistently over time, the expectation is things are going to get hotter for longer,” says Kent. “We both have to take steps to mitigate and prevent things getting worse, and we have to accept that we have not done enough to stop things getting this bad - and so we have to adapt as well.”
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Creative directors and brand strategists Juan Costa Paz and Nordine Benotmane, who founded Paris-based creative agency Convoy in 2012, are paid to think outside the box for clients from Nike to Louis Vuitton.
“We care about having conversations outside of the fashion echo chamber,” said Costa Paz. “I like to create tension, even if people don't like things, because I do think that it's good to try to create the conversation,” added Benotmane.
This week on The BoF Podcast, Costa Paz and Benotmane join BoF founder and editor-in-chief Imran Amed to discuss how they do it and their paths to fashion.
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Willy Chavarria has become a force in American fashion, known for his Chicano-inspired take on menswear. Last year, Willy broke through, winning the CFDA award for Menswear Designer of the Year. For more than two decades before that, Willy worked behind-the scenes in major American fashion companies like Ralph Lauren, American Eagle and Calvin Klein.
But now, he is focused on building his own business. At the centre of his designs is a focus on community and equality:
“I sat with my team before we actually started the Willy Chavarria label and I said that this is how we're going to move forward with this brand. Everything that we do is going to be aimed to raise people up and to make people feel good and to celebrate human dignity,” he said. “That will be the foundation of the brand.”
This week on The BoF Podcast, Willy joins me to discuss his journey from the San Joaquin Valley into the fashion big-time in New York City, his commitment to social justice, and how the American fashion industry is evolving today.
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Sport and fashion have always been a part of Stéphane Ashpool’s life: He was raised watching his artistic parents socialise with designers like Claude Montana in Paris, while simultaneously falling in love with basketball watching the LA Lakers on TV. He followed both of these passions into adulthood, eventually launching streetwear brand Pigalle in 2008 and going on to collaborate with brands like Nike.
“I have as much curiosity for couture as I have for sport kit,” said Ashpool. “I knew I wanted to kind of blend those things spontaneously. I had no clue what it was going to bring me but that's why I started to put things together.”
This week on The BoF Podcast, Ashpool joins BoF founder and editor-in-chief Imran Amed to share his journey with clothing brand Pigalle and how his unconventional path into fashion led him to designing the French national team’s Olympic uniforms.
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2024 has the potential to be a dynamic year for dealmaking in beauty, as brands including Makeup by Mario, Kosas, Merit and even Selena Gomez’s Rare Beauty begin exploring their strategic options. But strategic buyers and private equity firms are also adopting more selective acquisition strategies.
At The Business of Beauty Global Forum 2024, Vennette Ho, managing director and global head of beauty and personal care at investment bank Financo Raymond James shared her expert views on this year’s M&A scene in the beauty industry. Vennette is the industry’s most respected investment banker, so when she talks, the beauty industry listens.
“M&A happens when there's a fundamental change in the consumer. The consumer needs and the consumer wants are something that the strategics today don't have,” Ho explained. “Every time there's an evolution of a consumer need or want or expectation, M&A has to become a necessity for large strategies to look at.”
This week on The BoF Podcast, Imran Amed, BoF founder and editor-in-chief sits down with Ho to discuss the evolving nature and market of the beauty industry.
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In a special episode, BoF founder and editor-in-chief Imran Amed joins Bob Safian on the Rapid Response podcast, part of the respected Masters of Scale series.
“The most interesting thing you can do, if you look at historical photos going back 50 or 100 years, is to look at what people are wearing. It gives you a sense of what's happening in the world at that time,” said Amed. “When we look back to 2024, and see the Hoka sneakers, the athleisure, and the streetwear looks that people are wearing, these are a reflection of what's happening in the world right now. That's what makes fashion so powerful.”
In their conversation, Amed and Safian discuss the rapid growth of the global fashion business, the dominance of the megabrands and the resulting crisis of creativity and challenges faced by independent fashion brands, as well as the impact of ultra fast fashion brands like Shein and Temu.
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Paris Couture Week has come to a close, and Tim Blanks and Imran Amed sat down for their seasonal review of all the most important collections — from Schiaparelli to Armani, the standout looks, and of course the designers who brought them to life.
They also discuss the significance of Dries Van Noten’s final collection, which was the most important moment during the menswear shows, and also how the brand will take things forward now that Dries is stepping back.
“Alain Gossuin, the first model on the catwalk, was the first model in Dries’ first show. They had to dig for those models. They had to really get out there and find all these people and it was spectacular. All of that was very emotional, but I think Dries really kept the lid on it with the way that he came out at the end and waved as if to say, ‘maybe I'll be back soon.’”
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From her miraculous birth as the daughter of a Holocaust survivor to becoming a fashion powerhouse with her signature wrap dress, Diane von Furstenberg's remarkable journey is one of resilience, innovation, and empowerment.
In a new documentary about her life called "Diane von Furstenberg: Woman in Charge,” Academy Award-winning filmmaker Sharmeen Obaid-Chinoy combines archival footage and intimate interviews with von Furstenberg’s closest friends and family to paint a vivid picture of a woman who has always been true to herself and her vision.
“The most important thing is to work hard at being true to yourself and liking yourself. If you are true to yourself, you are free,” shared von Furstenberg.
“Women are defined by society and placed in boxes and labels, and sometimes are forced to make decisions that they don't want to,” added Obaid-Chinoy. “Diane's story coming at a time like this is so important because it is an anthem of freedom.”
This week on The BoF Podcast, von Furstenberg and Obaid-Chinoy speak to BoF founder and editor-in-chief Imran Amed at the London premiere to share their experience of making the documentary and the new learnings this process surfaced about a life well lived.
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Deena Aljuhani Abdulaziz was drawn to fashion from a young age, devouring issues of Vogue and Tatler. This led her to set up D’NA, a members-only boutique based in Saudi Arabia and Qatar. 10 years later when she closed her boutique, she became the founding editor in chief of Vogue Arabia – but soon parted ways with the publication due to a misalignment in values.
Now, Aljuhani Abdulaziz is back with her own media publication, on her own terms. ‘Deenathe1st.com’ is an editorial lifestyle website dedicated to fostering a creative community that celebrates Arab culture.
“What I hold dear is what anybody would hold dear. Representing my culture correctly and fairly,” she says. “And it's not trying to show off Western ideas to the region. It's the other way around. It's showcasing the region and what we share creatively with the rest of the world.”
This week on The BoF Podcast, Aljuhani Abdulaziz joins BoF founder and editor-in-chief Imran Amed to share her career journey, the lessons she’s learned about fostering culture and community, and why the fashion community needs a new publication.
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As a self-styled “image architect”, Law Roach has earned global recognition for the red carpet looks he has created for some of the most famous — and most photographed — women in the world.
But in 2022, when he suddenly announced his retirement on Instagram, writing “If this business was just about the clothes I would do it for the rest of my life but unfortunately it’s not! The politics, the lies and false narratives finally got me! You win…I’m out.”
While Roach continues to work with top clients Celine Dion and Zendaya — he was the mastermind behind Zendaya’s tennis-inspired “Challengers” press tour earlier this year — he’s also pursuing his entrepreneurial ambitions. Later this year, he will launch a new online learning platform to train the next generation of stylists.
“It was hours and hours of me talking with a script writer and being recorded to get out all my processes, from the way I set up a room to style and the psychology of choosing the right dress. So it's super comprehensive and I'm super proud of it. And we’re launching it with me as the very first instructor.”
This week, on the BoF Podcast, Roach joins me to trace his career right from the beginning when he was selling thrifted clothes from the trunk of his friend’s car in the South Side of Chicago and to exclusively share the details of his new online learning platform and what he hopes people will learn from it.
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Husband and wife duo Gucci Westman and David Neville’s luxury beauty label Westman Atelier has become an industry favourite, winning fans for its curated collection of cosmetics, holistic approach to beauty and strong focus on ingredients.
“Our customer knows that she's getting something that is clean, is going to perform, is going to be good for her skin, and is going to be a luxury experience she hasn't had before,” said Westman.
“We think about brand-building in the literal sense of building a brand brick by brick. Every day we are building our team, building our capacity, building our assortment, introducing new products,” shared Neville.
In this conversation from The Business of Beauty Global Forum 2024, Priya Rao, executive editor of The Business of Beauty, sits down with Westman and Neville to discuss how they’re building a multidimensional luxury beauty brand that lasts.
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Footballer Héctor Bellerín first made a name for himself with his defensive skills on the pitch but it’s his outspoken views and distinctive personal style that have transformed the Spanish right-back into a cultural trailblazer.
Now, Héctor, who has been called “the world’s best-dressed footballer”, is launching a new label, Gospel Estudios, which has served a creative outlet as he continues to play football.
“This was a way to recharge my battery. It was a way of learning something new, do stuff with my hands, trying new things. It was a process of discovery and learning and trial and error,” he says.
This week on The BoF Podcast, Héctor sits down with me to talk about the burgeoning relationship between fashion and football, how he developed his strong sense of personal style, and to share his plans for the launch of Gospel Estudios for the first time on The Business of Fashion.
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In 2014, in a nondescript basement club in East London, Charles Jeffrey’s Loverboy was born. At the age of 18, the Scottish-born designer moved from Glasgow to London to pursue a BA in Fashion Design at Central Saint Martins and has since earned his place in the long line of highly creative fashion designers coming from the city. With an upcoming exhibition at Somerset House, the one time upstart is ready to look back on 10 years of his brand.
“I'm Charles Jeffrey, I'm not Alexander McQueen, I'm Charles Jeffrey, I'm not Gareth Pugh. I'm Charles Jeffrey, I'm not John Galliano,” he said. “I have a way of looking at fashion and I want to nurture that and see it to its end.”
This week on The BoF Podcast, Jeffrey joins me to share his journey into London’s fashion scene and reflect on the past, present and future of Loverboy, underscoring that he has his own unique vision to contribute to fashion.
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Esteban Cortázar first fell in love with fashion as a teenager growing up in Miami. Over the years, his career in fashion has come with lots of ups and downs. After he became one of the youngest designers to ever present at New York Fashion Week he had to shut his label down. He went on to become the creative director of Emanuel Ungaro at just 22 years old, before leaving after he disagreed with the owners’ plans to bring on Lindsay Lohan as a consultant. He relaunched his eponymous fashion house but it closed during Covid. Now, Esteban is launching ‘Donde Esteban,’ a new brand on his own terms, on his own schedule, celebrating his roots in Colombia, Miami and Ibiza.
“Where we can lack as young designers or as designers doing independent brands is that it's really like a puzzle,” says Cortazár. “And you have to have all of the pieces in place for it to work. Having an investor is certainly not enough, you really need to have all of the different angles in place, especially today, to be able to sustain a business.”
This week on The BoF Podcast Esteban joins me to share his career journey and the lessons he’s learned about building an independent fashion business today.
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The first Monday in May has become synonymous with the Met Gala. Every year, celebrities and brands come together on the steps of the Metropolitan Museum of Art. This year’s theme was The Garden of Time and attendees went to enormous efforts to try to catch the spotlight amid one of the busiest red carpet moments of the year, orchestrated by Anna Wintour, global chief content officer of Conde Nast and editor-in-chief of American Vogue.
“Anna Wintour has raised the ante every year to the extent that this Met Gala made $26 million in one night,” says New York Times fashion critic Vanessa Friedman on this week’s episode of The BoF Podcast. “The amount of social media impressions it generates is beyond compare. The guest list that she curates, because it is an entirely curated guest list, is like nothing else.”.
Friedman joins BoF founder and editor-in-chief Imran Amed to share her journey into fashion journalism, reflect on what this year’s Met Gala says about the state of fashion and culture and of course, dissects the standout looks of the night.
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Stan Herman may be 95 years old, but the designer, activist and former president of the Council of Fashion Designers of America remains an unstoppable force. His recent memoir, “Uncross Your Legs: A Life in Fashion” details his journey through the American fashion industry, including bringing New York Fashion Week to Bryant Park.
This week on The BoF Podcast, Herman joins BoF founder and editor-in-chief Imran Amed to reflect on his remarkable life and career, and to talk about how big business has changed the fashion industry.
“With so much money being floated out there, it's changed the whole nature of the business,” he says.“Once we anointed designers as superstars, once big business and Wall Street put their cashmere gloves on, fashion was not the same.”
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On January 4th of this year, when Calvin Klein dropped its new spring 2024 campaign with a shirtless Jeremy Allen White wearing the brand’s signature underwear, it set the internet ablaze. Social media feeds flooded with reaction videos and media outlets covered the campaign widely. The following week, Calvin Klein saw a 30 percent year-over-year increase in underwear sales.
While the brand could never have predicted the gigantic response the campaign would generate, Calvin Klein’s chief marketing officer Jonathan Bottomley says the brand did everything it could to put the strategy in place for it to do so.
“In a culture that's very flat, how do you create those spikes … we adopt what we call an entertainment mentality,” said Bottomley on stage at the BoF Professional Summit in New York.
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Bottomley to unpack Calvin Klein’s marketing strategy and how they cut through the noise to create cultural moments.
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For more than 30 years, photographer Willy Vanderperre has been fascinated with youth. Vanderperre has carved a niche for himself in the fashion industry, capturing the youthful essence of models like Julia Nobis and Clément Chabernaud for fashion houses including Dior, Prada and Givenchy.
“It would be bordering on pretentious to say that I understand youth. I am 53 years old and I am fully aware of that. It's impossible to understand youth nowadays. I can just have an interpretation of what I think youth is through my eyes and through the experiences I have with those kids,” says Vanderperre.
Ahead of the opening of his exhibition “Willy Vanderperre Prints, Films, a Rave and More…” at MoMu – Fashion Museum Antwerp, Vanderperre sits down with BoF editor-at-large Tim Blanks to discuss this approach to image-making his creative collaborations with Raf Simons and Olivier Rizzo, and more.
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Prosper and Martine Assouline’s business began with a passion project: A book dedicated to their love for La Colombe d’Or, a boutique hotel in the South of France; Martine produced the images and Prosper was responsible for the text. But since publishing that first title 30 years ago, Assouline Publishing has gone on to capture the history and visual memory of places like Ibiza and Jaipur, industry icons such as Estée Lauder and Valentino Garavani, as well as fashion houses like Saint Laurent and Louis Vuitton.
“The idea was to make a book about the spirit of a place, … to mix the past, the present, the people, and all the DNA,” says Martine.
“I always say to my team in the art department that when a book is finished, we need to start it. … You think it's finished but it’s just beginning,” says Prosper.
This week on The BoF Podcast, founder and editor-in-chief Imran Amed sits down with the Assoulines to learn how this fixture of fashion publishing was born and how they intend to maintain that original creative spark while growing it into a global lifestyle business.
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Starting in 1999, Larry Miller worked alongside Michael Jordan to build Nike’s Jordan brand, which today generates more than $5 billion in revenue for Nike. But his journey to the C-suite was a unique one.
Growing up in West Philadelphia, Miller joined a gang, which led him to serve multiple prison sentences for a series of crimes, including second-degree murder.
Through a rehabilitation programme, he was able to begin his college education while in prison, and upon release, he was able to start his career with an accounting job at the Campbell Soup Company. In 1997, Miller started working for Nike under founder Phil Knight, and became the first Black vice president of apparel at the company before going on to become president of the Jordan brand in 1999.
But it wasn’t until years later that he went public about his backstory with the publication of his book, “Jump: My Secret Journey From the Streets to the Boardroom.”
At BoF VOICES 2022, Miller sat down with UTA executive Darnell Strom to share his story, talk about the power of second chances and explain how he found redemption.
“I’ve come to the realisation that a lot of times we are afraid to talk about the obstacles that we overcome. But in reality there’s no shame in overcoming obstacles,” said Miller.
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As a performance coach to England’s national football team, the Royal Ballet and more, Eastwood taps into his Māori heritage to help groups foster a sense of togetherness and drive performance.
For Allbirds co-founder and chief innovation officer Tim Brown, co-founder and chief innovation officer at Allbirds, a company that has gone on a rollercoaster of ups and downs since it IPO in 2021, his former life as a professional football player for New Zealand has taught him lessons he’s brought from the pitch to the boardroom.
“When we want to create a high performing environment, we make an undertaking to each other that we will do nothing to diminish the dignity of every person, and when we all leave this experience or whatever it is together, our dignity will be enhanced,” Eastwood told Brown stage at BoF VOICES 2023. “For me, therefore, you need to understand the story of the people you work with.”
This week on The BoF Podcast, Brown and Eastwood unpack how companies can drive high performance while maintaining a supportive culture.
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Amir Fayo, the founder of 69 Group, marries brand architecture and art direction to create retail and hospitality concepts rooted in culture and connection. Best known for operating Egyptian stores Maison69 and Villa Baboushka, Fayo breaks with conventions to create immersive store experiences that resonate with consumers on an emotional level. Everything starts by not thinking of himself as a retailer.
“I don't know how to do retail. Retail is structured. Retail is data. Retail is numbers. … I connect to people, to how they feel, what makes them tick, what makes them be interested,” he says.
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Fayo to discuss his innovative attitude toward retail.
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This fashion month was all about looking ahead. At several major brands, newly-appointed creative directors ushered in a new era, including Seán McGirr at Alexander McQueen, Adrian Appiolaza at Moschino and Chemena Kamali at Chloé. But beyond the creative director premieres, recurring motifs of technology and the pared down everyday reflected the current state of the world — and what’s to come.
“Early on, I detected this rather peculiar strain of sci-fi,” says Tim Blanks, BoF’s editor-at-large. “There is that incipient sense of apocalypse lurking and I think if you step back and take a really long view of what was happening, you could feel that kind of anxiety,” says Tim Blanks, BoF’s editor-at-large.
Following the conclusion of the Autumn/Winter 2024 shows, Blanks sits down with BoF founder and editor-in-chief Imran Amed to discuss the highlights of fashion month.
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On her award-winning podcast “Articles of Interest,” host and producer Avery Trufelman dives deep into the stories behind the clothes we wear. From the evolution of prep to the origins of wedding dresses, Avery guides her listeners through the multi-faceted layers behind the aesthetics of fashion.
“It's crops, it's the earth, it's handwork, it's culture, it's society. You tug on a thread and you get everything,” she said. “That's what I'm slowly realising [about fashion].”
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Trufelman to discuss her path into podcasting, taking her lifelong passion for clothes and what they mean into an audio format, and what she’s learned about fashion along the way.
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In 2010, model Arizona Muse was catapulted into the fashion spotlight. After opening and closing Prada’s Spring/Summer 2011 show, she was signed as a face of the brand. But after years of the modelling, grind and some serious personal reflection, the British-American model has swapped the glamour of the runway for environmental activism.
“[Modelling] nearly destroyed me. You pretend you enjoy it because everyone wants you to enjoy it. But the truth is, you'd prefer to be doing something else.”
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Muse to discuss her journey to the fashion runway, her reflections on fashion’s contribution to the climate crisis and why she sees self-care as a form of environmental activism.
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In the world of high fashion, few names have commanded as much attention — and controversy — as John Galliano.
Throughout the 1990s and 2000s, his sensual designs and runway theatrics earned him worldwide acclaim.But Galliano’s career imploded in 2011 when a video of him emerged using antisemitic slurs. In a new documentary, “High & Low: John Galliano,” BAFTA-winning director Kevin Macdonald examines Galliano's meteoric rise, scandalous downfall, and the role of forgiveness and redemption.
“If there's one thing that people could take away from the film, it is [that] things are never that simple. The grey predominates in life and in morality,” says Macdonald.
This week on The BoF Podcast, BoF editor-at-large Tim Blanks sits down with McDonald to discuss the phenomenon of cancellation and his own feelings about Galliano after completing the documentary.
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High & Low – John Galliano opens in cinemas on 8th March 2024.
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Pat Boguslawski is setting the fashion world in motion.
The Polish movement director at Maison Margiela is the creative mastermind behind some of fashion’s most memorable runway moments. From German model Leon Dame’s viral runway stomp in 2020 to the seductive strides of corseted characters in John Galliano’s triumphant 2024 Maison Margiela couture show, Boguslawski is redefining the role of the model and bringing back the spectacle of the show.
“I always tell the models that it's better to give more than to give less,” he told BoF editor-at-large Tim Blanks, on this week's podcast.
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As founder of Harlem’s Fashion Row, Brandice Daniel is a change agent. For more than 15 years, she has been working to bridge the gap between the fashion industry and Black and Latinx designers who often don’t come from famous fashion schools like Parsons or FIT.
Following the surge in interest in diversity, equity and inclusion following the murder of George Floyd, there are growing headwinds which are stalling progress.
“We've regressed so far, so fast. It is really disappointing, especially in an industry that is supposed to be cutting edge … How can you be innovative without addressing DEI?” she says.
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Daniel to discuss how the industry can foster real change.
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The fashion industry is responsible for up to 8 percent of global greenhouse gas emissions. But the most profitable fashion companies are often headquartered in the countries that have historically generated more emissions, while the nations with a smaller carbon footprint often find themselves more severely impacted by extreme weather driven by the climate crisis.
“The industry is structured in a way that's very colonial … it's the rich countries that are reaping all the rewards and benefits, and it's the poor countries that have kept this industry profitable,” says Ayesha Barenblat, the founder and CEO of Remake, a non-profit that advocates for sustainable practices in the fashion industry.
This week on The BoF Podcast, BoF chief sustainability correspondent Sarah Kent sits down with Barenblat, sustainable fashion designer Sammy Oteng and Vidhura Ralapanawe, executive vice president at manufacturing company Epic Group at BoF VOICES 2023 to discuss how to end climate colonialism in the fashion industry.
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Matthieu Blazy has been a quiet but powerful force in the fashion industry for years, having worked under powerhouse designers like Raf Simons and Phoebe Philo. But in 2021, he earned that status on his own when he was named the creative director of Bottega Veneta. Since then, he’s developed a reputation for pushing creative boundaries; BoF editors named his carnivalesque Autumn/Winter 2023 collection, which featured tank tops and jeans made of leather, as their favourite show of the season.
“I was very interested in this idea of boring clothes. How can we push it so it really becomes something precious and luxurious?” Blazy says.
This week on The BoF Podcast, Blazy sits down with BoF editor-at-large Tim Blanks at BoF VOICES 2023, where he opened up about his creative processes and work at Bottega Veneta.
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The delicate dance between artistic integrity and commercial viability is a challenge Dan Levy and Jonathan Anderson know well. Levy's Emmy Award-winning Netflix show Schitt's Creek harmonises creative brilliance with mainstream appeal, while at the luxury label Loewe, Anderson’s refreshingly original designs have earned him both critical acclaim and commercial success. What unites their work is a real commitment to personal vision.
“I can't think of something more heartbreaking than starting with an idea that I loved, allowing people to change it to the point where it loses its DNA, then it goes out into the world and either succeeds or fails, and I have to look at that and say, ‘Well, that's not me,’” says Levy. “You can never get that back. The fight to protect that [idea] is so important.”
This week on The BoF Podcast, Levy and Anderson speak with BoF editor-at-large Tim Blanks about how they balance creativity and commerce in a conversation from BoF VOICES 2023.
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Diane von Fürstenberg has been synonymous with women’s empowerment since she first unveiled her revolutionary wrap dress in 1974. But for her, the garment became much more than a symbol, it became the key to her own independence.
“I did not know what I wanted to do, but I knew the kind of woman I wanted to be,” von Fürstenberg told author and spiritual wellness advocate Deepak Chopra, her friend of three decades, on stage at BoF VOICES 2023. “I wanted to be in charge. I wanted to be free. I mean freedom. I wanted to be my own person. And I wanted to have a man's life in a woman's body. And the way I became that woman was a little dress.”
This week on The BoF Podcast, von Fürstenberg and Chopra look back on the designer’s journey from princess to fashion powerhouse, and share their collective wisdom on finding meaning in life.
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Since 1978, Brunello Cucinelli’s namesake brand has been a standard-bearer for both luxury clothing and a more responsible way of doing business. At a time of great change, Cucinelli believes that businesses must strike a balance between embracing technological innovation that could threaten livelihoods, like AI, to push creativity forward while also keeping humanity at the heart of business.
“I believe in a kind of contemporary way of capitalism. We are a listed company. We do want to make a profit, but a fair profit at that. There should be a balance between profit and giving back,” he explains.
This week on The BoF Podcast, Brunello Cucinelli speaks with BoF founder and editor-in-chief Imran Amed about ethical business building, artificial intelligence and his philosophy of “humanistic capitalism” during conversation at BoF VOICES 2023.
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This year, Barbie-mania swept the globe. A key architect of that phenomenon was Richard Dickson, who served as president and chief operating officer of Barbie’s parent company, Mattel, for almost a decade. There, he revived Barbie, a name that had lost its cultural relevance, and brought it firmly back into the zeitgeist. Now, Dickson is taking his talent for revitalising fading icons to Gap, where he was appointed CEO in July 2023.
“Evolution keeps the brand relevant, but purpose makes a brand immortal,” says Dickson.
This week on The BoF Podcast, Dickson joins BoF founder and editor-in-chief Imran Amed to discuss the power of brands and his vision for rebooting Gap in a live conversation from BoF VOICES 2023.
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After she was scouted in a modelling competition in Lincoln, Nebraska at the age of 12, Ashley Graham went on to break barriers in the fashion industry by becoming the first plus-size model to appear on the covers of both Sports Illustrated’s swimsuit issue and American Vogue.
“It started shifting the minds of agents, casting directors, art directors, editors to say, ‘Oh, this is where we're going. The zeitgeist is turning, and it's not just about what has been deemed beautiful for so long. Maybe we should think about what else is out there,’” she says.
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Graham to learn how she became the most recognisable face of a global cultural movement and understand the personal philosophies that have guided her along the way.
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Having dominated Hollywood's cinematic landscape for decades, Angelina Jolie is now moving into uncharted territory — the world of fashion. This week, she opened the doors to Atelier Jolie, a multi-purpose brick-and-mortar workshop at 57 Great Jones Street in New York, once a home to art world legends Andy Warhol and Jean Michel Basquiat.
The historic location reveals the motivations, philosophies and aspirations of Jolie’s new venture. Atelier Jolie aims to provide a global group of artists and designers — including immigrants and refugees — a collaborative space for creating garments, including custom pieces, entirely out of deadstock materials.
“I don't think of it as fashion. I think about it as self-expression and community,” Jolie says of her new business.
This week on The BoF Podcast, Imran Amed sits down with Angelina Jolie to explore her creative journey and the personal philosophy that has led her to focus on ethical and sustainable fashion.
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At every juncture of her extraordinary professional journey, Leena Nair has authored a series of 'firsts’. Growing up in her home country of India, she was part of the first cohort of female students at her school, at Unilever she was the first woman to lead global human resources, responsible for 150,000 employees and in January 2022 she became Chanel’s first-ever global CEO of Indian-origin — making her the only woman of colour leading a major global luxury brand.
Nair is leaning on the lessons from her people-centric career to lead Chanel into the future as the post-pandemic luxury boom comes to an end. “I really believe if you look after people, their growth and development, their dreams and aspirations, they will look after the business. They will help you with ideas and really care about the institution they're a part of,” says Nair.
Nair sat down for her first public talk with BoF founder and editor-in-chief Imran Amed at BoF VOICES 2023 to share her vision for Chanel, philosophies on leadership and advice for women who feel like outsiders.
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The stylist and fashion editor reveals to BoF founder and editor-in-chief Imran Amed why she resigned from Vogue and how she is channelling her influence and energy to support that next generation of fashion talent.
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In the dynamic world of fashion magazines, Gabriella Karefa-Johnson stands out. Karefa-Johnson has always stood out, growing up as a self-described loud, weird, driven kid. Karefa-Johnson’s first Vogue cover was Paloma Elsesser for the January 2021 issue of Vogue, photographed by Annie Leibovitz. Later that year, she worked on the cover shoot featuring US Vice President Kamala Harris.
But recently, Karefa-Johnson decided to leave Vogue. “The truth of the matter is we grow and sometimes our containers don't grow with us. And so I am excited to build a new container for all of these ideas and this energy,” Karefa-Johnson says.
This week on The BoF Podcast, Karefa-Johnson joins BoF founder and editor-in-chief Imran Amed to discuss her professional journey, how she harnesses her creative energy in a high-pressure industry and why she is laying the foundation for the next generation of fashion creatives.
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The pioneering set designer speaks to BoF founder and editor-in-chief Imran Amed about how she’s set the stage for some of fashion’s most talked-about immersive experiences.
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In the world of set design, Es Devlin is a trailblazing, unstoppable force. Her remarkable career has seen her craft stages for global superstars like Beyoncé, U2 and Adele as well as immersive experiences for Louis Vuitton, Saint Laurent and most recently, Gucci which recently brought its Cosmos exhibition to London’s 180 The Strand.
But to describe Es as a set designer only feels somewhat reductive. She is a deep thinker who approaches her work like a creative philosopher, examining critical questions about the world.
This week on The BoF Podcast, Devlin joins BoF founder and editor-in-chief Imran Amed to discuss her career and her impressions of fashion — as well as her advice for young creatives.
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BoF founder and editor-in-chief Imran Amed sits down with Anaita Shroff-Adajania, Bandana Tewari, Lakshmi Menon and Bollywood superstar Katrina Kaif to explore the country’s evolving beauty landscape.
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It’s been 16 years since Vogue India’s inaugural issue put a global spotlight on India’s fashion and beauty industries. Today, the beauty sphere in particular is in the midst of a transformative shift, embracing inclusivity and making an impact far beyond its borders.
“This is a 5,000-year-old culture of great style and heritage,” said Bandana Tewari, journalist, former fashion features director of Vogue India. “We had to do things to tell the outside world … what our cultural heritage of style and fashion is, that it existed over time.”
This week on The BoF Podcast, Imran Amed explores the changing dynamics of the Indian beauty industry through conversations with Tewari as well as Anaita Shroff Adajania,former fashion director of Vogue India; model Lakshmi Menon and Bollywood superstar Katrina Kaif on stage at the second annual Estée Lauder Beauty & You Awards in Mumbai, India.
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This week on The BoF Podcast, Condé Nast Britain’s chief business officer speaks with purpose and intuition coach Mory Fontanez about leading as an outsider in the modern workplace.
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In 2017, Vanessa Kingori became British Vogue’s first female publishing director. Since then, she has become a mother, received an MBE and stepped into the additional role of chief business officer of Condé Nast Britain.
At BoF VOICES 2021, Kingori shared her leadership lessons with Mory Fontanez, purpose and intuition coach and founder of consultancy 822 Group. They discussed the importance of trusting intuition in the workplace to bolster data-driven decisions while also challenging conformity to allow for creativity.
“With the wonderful thing that is hindsight, I’ve realised it’s okay to be intuitive,” said Kingori. “It’s actually great to lean into your differences rather than try to push to assimilate too much.”
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BoF VOICES, our annual gathering for big thinkers, returns from Nov. 28 to Nov. 30, 2023. The entire event will be livestreamed for BoF Professional All-Access members. Register now to join us.
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The South Sudanese model reflects on her path from a Kenyan refugee camp to travelling the globe as an international top model.
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South Sudanese model Adut Akech has made her mark on fashion, having appeared on countless international magazine covers and on the runway for brands including Chanel and Prada. But Akech’s story begins worlds away from fashion shows and Vogue cover shoots: The model was born while her family was fleeing war in South Sudan and spent her early years in a Kenyan refugee camp.
"I will always be a refugee, because that's who I am," she told BoF's editor-at-large Tim Blanks on stage at BoF VOICES in 2018. "No amount of money or my status or how famous or whatever the case is... I'm always going to be a refugee and I'm proud of who I am."
This week on The BoF Podcast, revisit Akech and Blanks’ conversation, where they discuss Akech’s childhood and journey to the fashion industry.
Key Insights:
BoF VOICES, our annual gathering for big thinkers, returns from November 28 to November 30, 2023, uniting the movers, shakers and trailblazers of the fashion industry with the thought leaders, entrepreneurs and inspiring people shaping the wider world. The entire event will be livestreamed for BoF Professional All-Access members. Register now to join us.
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Christian Louboutin opens up to Rozan Ahmed at BoF VOICES 2021 about identity, passion and building a brand worth $2.7 billion from the ground up.
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Christian Louboutin’s iconic red-soled stilettos have made him one of fashion’s most recognisable names. But few know the story of the multi-faceted man behind the Christian Louboutin brand.
Louboutin spoke with writer and cultural activist Rozan Ahmed at BoF VOICES 2021 about how his identity and upbringing have shaped how he approaches business. A major factor in understanding that identity was Louboutin’s discovery later in life that he was actually the child of his French mother and her Egyptian lover.
“To belong to different cultures, to different places makes you understand from the very beginning that the world has a lot of different points of view,” Louboutin said. “When you have different ethnicities, different cultures you’re not divided, you’re multiplied.”
Key Insights:
BoF VOICES, our annual gathering for big thinkers, returns from November 28 to November 30, 2023, uniting the movers, shakers and trailblazers of the fashion industry with the thought leaders, entrepreneurs and inspiring people shaping the wider world. The entire event will be livestreamed for BoF Professional All-Access members. Register now to join us.
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BoF’s founder and editor-in-chief Imran Amed sits down with the men's creative director of Louis Vuitton to discuss his journey into the luxury industry and his plans for the world’s largest luxury brand.
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Pharrell Williams has been part of the global cultural consciousness for the better part of two decades as a rapper, songwriter and music producer. But earlier this year, when he was named men’s creative director for Louis Vuitton, his career took on a whole new trajectory.
This week on The BoF Podcast, Williams joins BoF founder and editor-in-chief Imran Amed to discuss his new vision for luxury at Louis Vuitton as part of a BoF 500 cover story, examining his journey into the luxury industry, his vision for Louis Vuitton and how he is thinking about stepping into the shoes of his predecessor Virgil Abloh.
“He has giant shoes for one to try to fill. But that's not what I'm here to do. I'm not here to fill my brother's shoes. My brother's shoes are his shoes. And the steps that he took are his steps. And I would never want to get in the way of that.”
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BoF’s editor-at-large and founder and editor-in-chief look back at the key moments of fashion month, from Sabato de Sarno’s debut at Gucci to Sarah Burton’s farewell show for Alexander McQueen.
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This season, fashion month saw several highly-anticipated debuts (Sabato de Sarno at Gucci, and Peter Hawkings at Tom Ford) as well as goodbyes (Sarah Burton at Alexander McQueen, Fabio Zambernardi at Prada and Miu Miu, and Gabriela Hearst at Chloé). But, beyond those headline-making moments, the highlights included the slyness and humour at Prada where models walked down a runway against a backdrop of dripping slime, the spine-tingling soundtrack at Dries Van Noten and models at JW Anderson in plasticine-made hoodies.
“The best shows make you think and make you feel a little uncomfortable or they evoke some kind of emotion — but they also make you want to shop,” says Imran Amed, BoF’s founder and editor-in-chief.
Following the conclusion of Paris Fashion Week, Amed sat down with BoF’s editor-at-large Tim Blanks to discuss the highlights of the Spring/Summer 2024 season and the hallmarks of a great fashion show.
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Tom Ford’s new creative director opens up to Imran Amed about his progression in the fashion industry and his first womenswear collection for the brand.
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When Tom Ford started his namesake brand in 2004, his longtime deputy at Gucci Peter Hawkings was his first call — and his first employee. Fast-forward to April 2023, Hawkings’ phone rang again. Only this time, Ford said he was stepping down and putting Hawkings forward for the top job.
“I didn't sleep for the first two nights. It was crazy,” Hawkings said of his reaction to the news that he would step into his longtime boss’ shoes and become creative director of the eponymous brand he created. “But after all of that subsided, I realised that Tom [Ford] was giving me the opportunity of a lifetime. And I am, to this day, super grateful to him for giving me this chance to continue the legacy.”
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Hawkings, the new creative director of Tom Ford following his runway debut at Milan Fashion Week to discuss his origins and journey into the fashion industry — and his plans to continue the Tom Ford legacy.
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BoF founder and editor-in-chief Imran Amed speaks to veteran modelling agent Chris Gay to understand the shifting power dynamics in the modelling industry and how models can build a career that stands the test of time.
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In the sometimes fickle and murky world of fashion modelling, the most successful models are taking control of their careers by bypassing the gatekeepers and creating direct relationships with customers, building and engaging their own fanbase.
“If you want real longevity in this business, you need to be building your community. It’s community that creates staying power,” says Chris Gay, co-chief executive officer of Elite World Group and president of The Society Management, which is marking its tenth anniversary this year.
This week on The BoF Podcast, Gay sits down with BoF founder and editor-in-chief Imran Amed to discuss the shifting power dynamics in the modelling industry and why developing a point-of-view, something that a model becomes known for, is the key to long-term success.
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As London Fashion Week kicks off, BoF founder and editor-in-chief Imran Amed sits down with four London-based creative talents to explore how the city’s rich creative scene stems from its unique cultural diversity and the sense of community and collaboration this provides.
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With over 300 languages spoken within its city limits — more than any other metropolis — London has cemented its place among the world’s most global cities. This has boosted its reputation not only as a creative hub, but also as a source of inspiration for creatives around the world working in sectors from fashion and media to music and art.
“London has a rich Diasporic culture, and it's where… you have the opportunity to build a community around you,” says fashion designer Jawara Alleyne. “London, being such a vast city, gives that space [for] these multiple different cultures that are existing on top of each other and inspiring each other and feeding off of each other.”
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed chats with four exciting Londoners shaping the city’s creative scene.
Alleyne joins conceptual artist Amber Pinkerton, musician Bradley Miller and Dazed editorial director Kacion Mayers to discuss their experiences of living, working and creating in London and to hear their advice for other creatives looking for their big break.
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The founder of the streetwear sensation broke into fashion thanks not only to his steely determination and breakthrough creative ideas, but also the unwavering support of the community he built from the ground up.
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Within a decade, Colm Dillane, the New York-based founder and designer of streetwear label KidSuper, went from selling T-shirts to fellow students out of his New York University dorm room to winning the the Karl Lagerfeld Special Jury Prize at the LVMH Prize in 2021 and designing a one-off menswear collection for Louis Vuitton.
But it wasn’t a straight shot to success. The now 32-year-old has had to learn the ropes of fashion the hard way, maxing out his bank account, taking risk after risk to figure out how to transform his creativity into a bonafide business.
Through it all, Dillane has focused on community-building as an end goal.
“It's always funny when brands reach out to me and they're like, ‘We love the community you created’. I would always be like, ‘They're creating community to sell product. I was selling product to create community. What are you doing this for? If it's not to meet interesting people?” says Dillane.
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Dillane to discuss his journey as a designer and his lessons for emerging fashion designers and entrepreneurs.
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Ahead of New York Fashion Week, The Washington Post’s Rachel Tashjian speaks with BoF’s founder and editor-in-chief Imran Amed about how the industry is changing post-pandemic.
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There's a good reason why New York Fashion Week isn’t the all important agenda-setter it once was, according to Rachel Tashjian, a fashion writer for The Washington Post. US consumers, she says, now take their fashion cues from influencers and social media as much as they do the runway. “Some of the more interesting things happening in American fashion are just outside of fashion week,” says Tashjian. “I just wonder if American designers feel like, is this [New York Fashion Week] really worth it for me to be doing? Is this where my audience is?”
This week on The BoF Podcast, Imran Amed, BoF’s founder and editor-in-chief, sits down with Tashjian to discuss her perspective on the state of the fashion industry today and her expectations for the evolution of NYFW in a post-Covid world.
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Darnell Strom’s professional path has wound its way from politics to Hollywood, a trajectory that started with several globe-trotting years working for former US President Bill Clinton. As partner and head of culture and leadership at entertainment agency UTA today Strom represents totemic cultural figures including Nobel Peace Prize laureate Malala Yousafzai and Edward Enninful, the outgoing editor-in-chief of British Vogue, as well as Gisele Bundchen and Michaela Cole. The breadth of his client roster reflects Strom’s thesis that captivating, culturally impactful people can come from anywhere.
“My definition of talent isn't just an actor, a musician and an athlete,” he says. “It's also a well-known politician or an incredible activist or a rock star CEO or someone in fashion, an artist … I want to be able to represent all those people.”
This week on The BoF Podcast, BoF founder and editor-in-chief Imran Amed sits down with Strom to discuss what his career has taught him about the power of creativity and cultural convergence – and the opportunities this is creating for top talents.
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Mo Gawdat, an artificial intelligence expert and former chief business officer of Google X, explains how humans have the power to turn AI into a positive force that benefits society.
Background:
Public perception of artificial intelligence ranges widely. Depending on who you’re listening to, it could be a source of unlimited technological potential or a dire threat right out of a science fiction novel.
According to Mo Gawdat, the former chief business officer for Google X, concerns about AI are valid. But fears that AI will turn against humanity are misguided. Rather, says Gawdat, we have an opportunity to teach AI to be a force for good.
"If 1 percent of us, only 1 percent of humanity... show the good side of us in front of those machines, those machines will be intelligent enough to say humanity is a divine being,” Gawdat said at BoF VOICES 2022.
This week on The BoF Podcast, Gawdat discusses the future of AI and why ethics are crucial to managing its development.
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When Ben Gorham of Byredo and Monique Rodriguez of Mielle Organics sold the businesses they spent years building, the financial milestone was just the culmination of more meaningful professional journeys that began with a clear sense of purpose.
Background:
Beauty founders Ben Gorham of fragrance label Byredo, and Monique Rodriguez of hair care brand Mielle Organics, both took their businesses from indie beauty darlings with cult followings to high-profile exits to major conglomerates: Byredo sold to Spanish luxury giant Puig for $1 billion in 2022, while Procter & Gamble bought Mielle Organics earlier this year.
But the two founders didn’t start their businesses with the sole focus of cashing in quickly. “We live in a climate where expectations are that you start a company and you build it to great heights, and then you sell it, and you make lots of money. And this is how we define success stories,” said Gorham. “For me, for many years, it was really about just the craft. It was really about the product. It was really about learning how to operate a business.”
As Rodriguez learned after building a loyal customer base, a sale impacts many other stakeholders. “When you build a brand in the Black community, it's not my brand, it's their brand,” said Rodriguez. Yet she doesn’t downplay the personal importance of the exit. “It's a true testament to — especially as a Black woman, a woman of colour — what we build is very valuable… I didn't grow up seeing this. So to accomplish just having a conversation [with investors, including P&G] was rewarding for me,” she said.
This week on The BoF Podcast, Gorham and Rodriguez sit down with Priya Rao, executive editor of The Business of Beauty, to share how they navigate entrepreneurship and success in a conversation from The Business of Beauty Global Forum 2023.
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The co-founder and chief innovation officer of the Nasdaq-listed sneaker brand reflects on how his previous career in sports prepared him professionally and personally for leading a company through both the highs and the lows.
Background:
When Tim Brown stepped away from his role as co-chief executive at Allbirds in May, the footwear retailer that he co-founded seven years ago was losing its sheen as the sustainability-focused direct-to-consumer darling that once enraptured investors. Its first full-year results since its Nasdaq flotation in November 2021 revealed a series of setbacks, from a poorly executed expansion into adjacent products like apparel to losing relevance with its core customers, leading to net losses of $101.35 million. The testing of Allbirds’ team since the IPO has often seemed relentless yet, according to Brown, it’s an opportunity to draw on inner strengths to excel as a leader.
“[R]ising and falling is just a part of the journey,” he wrote in a recent post on LinkedIn in which he also shared an article by a team of business reporters that laid bare Allbirds’ challenges. Rather than criticising the article, he said he saw it as a reminder that “you are never as good or as bad as they say you are (this helped me a lot during my football career), and that all of my best work has come when I've been written off.”
This week on The BoF Podcast, Brown speaks with BoF founder and editor-in-chief Imran Amed on how his journey from the football pitch to the corporate boardroom has shown him why leaders of young brands like him need to keep a resilient entrepreneurial mindset even in adversity.
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Kering’s new deputy CEO of brand development shares her luxury brand management playbook in this archive interview with Imran Amed from BoF VOICES 2018.
Background:
Last week, Francesca Belletini was appointed deputy CEO of brand development at Kering, making her arguably the most powerful female fashion executive in the luxury sector. As part of her new role, not only will she retain her position as CEO of Saint Laurent, she will also oversee Gucci, Bottega Veneta, Balenciaga and Alexander McQueen. It was at Saint Laurent, where the former investment banker cemented her reputation for razor-sharp merchandising strategies that married seamlessly with the work of creative director Anthony Vaccarello.
“When you clarify the brand positioning, then everything comes together,” said Bellettini, on revitalising the Saint Laurent brand. “People recognise the authenticity in the way that we do that.”
BoF founder and editor-in-chief Imran Amed sat down with Bellettini at BoF VOICES 2018 to discuss how she balances the priorities of fostering creativity, cultivating customers and running a profitable business.
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What do Poolside FM and Isamaya Beauty have in common? Their founders have created brands with unique yet relatable identities.
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Isamaya Ffrench, makeup artist and founder of Isamaya Beauty, and Marty Bell, co-founder of sunscreen brand Vacation (and Poolside FM), both took unconventional routes to turning their products into veritable brands. Vacation began as a spinoff of the internet radio station inspired by summer tunes of the 1980s, Meanwhile, Ffrench’s brand sparked attention for her new Lips line’s penis-shaped lipstick cases. Bold and risky in equal measure, these moves laid the groundwork for their businesses while giving their brands personalities and spark.
“If you're strong enough to have a vision and get a brand off the ground, you know what your audience wants,” said Ffrench. “Do the things that feel natural and right, because it's when you start doing the things that the CMO tells you you have to do and you feel awkward about it… no one's going to want your product because it doesn't look authentic.”
This week on The BoF Podcast, Bell and Ffrench speak with BoF founder Imran Amed about the power of brand building and how founders can inject their own personalities into their products to make them recognisable and memorable.
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The celebrated menswear designer joins BoF’s Imran Amed to discuss the evolution of his career in fashion from selling secondhand clothes to building his own brands.
Background:
At first glance, Oliver Spencer’s story might seem like a fashion fairytale. In just a matter of a few years, he went from selling secondhand garments in a stall on London’s Portobello Road to seeing actors wearing his bespoke waistcoats in the 1994 film “Four Weddings and a Funeral,” putting his formalwear label Favourbrook into the spotlight.
But in the subsequent years, Spencer faced the challenges that come with running an independent fashion brand: from debt to self-doubt while aiming to reach profitability milestones.
“Small is beautiful. You have to have a certain amount of business turnover to get to these levels, but you don’t need hundreds of millions [of dollars] to run a profitable brand,” says Spencer.
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British fashion designer Samuel Ross opens up to BoF editor-in-chief Imran Amed about his work to foster more diversity in fashion.
Background: Creative industries still have a long way to go before they become truly inclusive, according to Samuel Ross, designer and founder of London-based fashion label A-Cold-Wall and industrial and product design studio SR_A.
“There's not enough diversity in the sector for high achievers who should be there,” he said to BoF founder and editor-in-chief Imran Amed on stage at WPP Stream, during the annual Cannes Lions International Festival of Creativity.
This week on The BoF Podcast, Amed and Ross explore the designer’s creative processes, his approach to engaging younger customers as well as his mission to build a more inclusive creative sector.
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At The Business of Beauty Global Forum, activist and author Schuyler Bailar shared his journey to understanding beauty and self-acceptance as a biracial, transgender man.
Background:
For Schuyler Bailar, an activist, author and the first openly transgender NCAA Division I swimmer in the US, finding a sense of belonging hasn’t always been easy. Bailar realised being accepted by society wasn’t as important as accepting himself.
“Belonging is not something that's going to be given to me. It's something that I have to find on my own,” said Bailar at The Business of Beauty Global Forum 2023.
This week on The BoF Podcast, Bailar opens up about his own experiences with the pressures to conform to Eurocentric and cisgender beauty ideals as a biracial, transgender man, how he discovered his path to self-acceptance and why he wants others to be able to do the same.
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On both a local and international scale, the Middle East’s fashion industry has seen significant growth thanks to changing regulations and an influx of creatives.
Background:
Substantial economic activity as well as cultural and regulatory shifts in the Middle East have accelerated the growth of the region’s $89 billion fashion industry. Middle Eastern governments are fostering this expansion as they increasingly encourage creative work from designers, social media influencers and stylists, and a more unified culture emerges across borders, said Rawan Maki, BoF Insights’ associate director of research and analysis.
This week on The BoF Podcast, Maki and Marriam Mossalli, founder and chief executive of Niche Arabia, a Saudi Arabia-based luxury communications and marketing agency, join BoF editor-in-chief Imran Amed to discuss BoF Insights’ latest report, “Fashion in the Middle East: Optimism and Transformation” and what’s happening in the region’s fashion scene.
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The pioneering 89-year-old entrepreneur shares her life story as a child refugee who fled Nazi Germany and created a $3 billion technology company.
Background:
At BoF VOICES 2022, the pioneering 89-year-old entrepreneur Dame Stephanie Shirley discussed her life working with early computers at the London’s Post Office Research Station and how, against all odds, she created a software company for — and run by — other ambitious women, valued at almost $3 billion.
“You could always tell ambitious women by the shape of our heads. They're flat on top and that comes from being patted patronisingly,” said Shirley, describing the sexist work environments of the day.
This week on The BoF Podcast, Dame Stephanie discusses the hurdles she had to overcome as a woman in the technology industry, the growth of her influential company, Freelance Programmers, and warns us about the growing power of giant technology companies.
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At The Business of Beauty Global Forum 2023, Pamela Anderson shared her perspectives on how the definition of beauty — and the beauty business — is changing with Moj Mahdara.
Background:
“We're all trying to make ourselves beautiful so we are respected, admired, loved. So these products have to come from a loving place. That’s the secret ingredient: having heart,” said Pamela Anderson at The Business of Beauty Global Forum 2023 in Napa Valley, California.
This week on The BoF Podcast, Anderson and Moj Mahdara, managing partner and co-founder of Kinship Ventures and co-founder of BeautyUnited, discuss sustainable beauty products, shame and her own beauty and wellness journey.
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At Egypt Fashion Week, BoF founder Imran Amed shared the origin story of BoF and reflects on the forces that will shape fashion in the coming decade.
Background: In the 16 years since he published his first post on The Business of Fashion, Imran Amed has seen the fashion industry try to adapt to adjust to seismic changes in technology, culture and business — and BoF has been a leading voice in guiding the industry through all that change.
But he may never have created BoF if it weren’t for the challenges that he was confronting in his own life. “It is in our struggles that we find ourselves — and that we find our purpose,” he says.
In this wide-ranging conversation which took place during Egypt Fashion Week, Amed sits down with Malak Fouad, host of the “What I Did Next” podcast to discuss BoF’s early days, Covid-19’s impact on the fashion industry, fashion in the Middle East and the impact of new technologies including the metaverse and artificial intelligence.
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BoF’s Imran Amed sits down with Priya Rao, executive editor of The Business of Beauty, to go inside the findings of our new report ‘The State of Fashion: Beauty.’
Background:
The global beauty industry is booming.
“Beauty remains one of the most dynamic, challenging and sought-after industries, much more than other consumer goods — or even fashion,” says Priya Rao, executive editor of The Business of Beauty. “What we've seen is that consumers are so rabid and fervent for their beauty products… and brands are still really excited about bringing a new proposition to market.”
This week on The BoF Podcast, editor-in-chief Imran Amed sits down with Rao to break down the five critical themes covered in BoF’s new report, “The State of Fashion: Beauty,” created in partnership with McKinsey & Company.
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BoF’s Marc Bain and a group of panellists break down the state of web3 in fashion and where the technology is headed.
Background:
Over the last couple of years, the fashion industry couldn’t stop talking about the potential of NFTs, the metaverse, known in tech industry speak as web3. Now, the fervour around web3 has cooled and the speculators are long gone. But for those committed to the web3 space, the work continues, even as the discussion has shifted.
“People are pulling back, but people are investing,” said Brian Trunzo, metaverse lead at Polygon Labs. “If folks are still at the education stage, doing research either internally or through agencies, they may have cut budgets and pulled back a little bit, whereas folks who have beefed up and built out teams to execute against their web3 strategy, who have had that requisite education, they're doubling down.”
This week on The BoF Podcast, we share a conversation from The BoF Professional Summit: An Inflection Point in Fashion Tech, where our technology correspondent Marc Bain speaks with three web3 experts — Brian Trunzo, Alice Delahunt, founder and CEO of Syky, and Milton Pedraza, the founder and CEO of consulting firm the Luxury Institute — to debate the future of web3 and fashion.
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BoF’s Imran Amed speaks with Alec Leach about his manifesto on how we can move towards a better relationship with fashion.
Background:
For nearly five years, author Alec Leach worked as an editor at streetwear website Highsnobiety, where he spent his “career telling people to buy stuff.” Leach saw up close the contribution his content was having on overconsumption and the lack of responsibility brands and consumers took for their own part on the climate crisis, both subjects he tackles in his book, “The World Is on Fire But We're Still Buying Shoes.”
“I love working in the industry. I really, really do,” says Leach. “I think we just all need to accept that we're part of this consumerist machine. And once you accept that, then the kind of potential for positive change becomes clearer.” This week on The BoF Podcast, Leach sits down with BoF’s founder and editor-in-chief Imran Amed to discuss how the fashion industry and consumers must change.
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The Ugandan-born model how he is finding purpose in pursuing an unconventional career to support his family and the community he comes from.
Background:
At BoF VOICES 2022, fashion model Dennis Okwera spoke about his childhood in Uganda, fleeing home to avoid the violent life of becoming a child soldier in the rebel group Lord’s Resistance Army, coming to the UK as a refugee at the age of nine.
Though he was scouted multiple times while living in the UK, it wasn’t until he was attending university that Okwera decided to pursue modelling.
This week on the BoF podcast, model Okwera discusses his childhood escaping a guerilla army in Uganda, his adult life as a model in the UK and how he used his success to give back to his community.
“Let's just be a little bit kinder to each other, especially to refugees. Just see them with an open mindset; we're just looking for security and freedom, that's it really,” said Okwera.
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Labour rights activist Kalpona Akter and chief sustainability correspondent Sarah Kent reflect on where the industry stands a decade after the deadly factory collapse.
Background:
Ten years ago this week an eight-storey factory complex in an industrial suburb of Dhaka, Bangladesh collapsed, killing more than 1,100 people and injuring thousands of others.
The Rana Plaza disaster ranks as one of the worst industrial disasters on record. It shook the fashion industry, shining a spotlight on critical safety failings in major brands’ supply chains. In its wake, hundreds of brands signed a groundbreaking safety agreement that helped improve conditions in thousands of factories in Bangladesh, but elsewhere little has changed.
This week on the BoF Podcast, labour rights activist and founder of the Bangladesh Centre for Workers Solidarity Kalpona Akter reflects on where the industry stands a decade later, while BoF’s Imran Amed and chief sustainability correspondent Sarah Kent discuss what still needs to change.
“If you ask me then, ‘what did you achieve in the last ten years?’ I can say then only the improvement of safety,” says Akter. “The other areas of workers’ rights, like wages, it is still poor.”
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Ahead of the opening of “Karl Lagerfeld: A Line of Beauty” exhibition, the Costume Institute’s head curator discusses the legendary designer’s work and lasting impact.
Background:
Andrew Bolton, the head curator of The Metropolitan Museum of Art’s Costume Institute, first dreamed up the idea for a Karl Lagerfeld-centric show at Lagerfeld’s 2019 memorial service.
Next month, that vision will be realised with a new exhibition, “Karl Lagerfeld: A Line of Beauty,” focussed on the late Chanel and Fendi designer. With the exhibit, set to run from May 5 to July 18, Bolton’s goal was to focus on the designer’s prolific career rather than the man behind it.
“We wanted to focus on the work rather than the words or the man because he was problematic,” said Bolton. “There were those things he said that were difficult … the one thing that was authentic, real and tangible was his creative output.”
This week on The BoF Podcast, BoF editor-at-large Tim Blanks sits down with Bolton to discuss the upcoming show and Lagerfeld’s legacy in fashion and beyond.
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In advance of his first fashion show at The Hollywood Bowl on April 19, the founder of Fear of God shares his approach for designing subtle garments that allow customers a taste of luxury.
Background:
Jerry Lorenzo, the founder of Fear of God, wants to make his brand an aspirational-yet-attainable destination for consumers, and redefine what’s regarded as luxury. Fashion, he said, should be “equally comfortable as it is elegant.”
It’s a mindset he translates across Fear of God’s products, from its Essentials sub-brand, which sells items priced as low as $40, to the pieces that will appear on the runway on Apr. 19, when the brand is set to present its next collection in a show at the Hollywood Bowl in Los Angeles.
This week on The BoF Podcast, Lorenzo speaks with BoF’s editor-at-large Tim Blanks in a conversation at BoF VOICES 2022 about how the brand is pushing the boundaries of what’s considered luxury today.
“It's luxury in a sense that you can see yourself in it,” said Lorenzo. “It's aspirational in that sense, but it's not a fantasy that is out of reach.”
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Restaurateurs Asma Khan and Judy Joo share how food can bridge cultures and bring people together.
Background:
Food may be a universal experience, but the culinary world has a long patriarchal history. Throughout their own tenures in the industry, chef and philanthropist Asma Khan, who owns London’s Darjeeling Express restaurant, and restaurateur and author Judy Joo, who operates the eatery Seoul Bird, faced a long line of roadblocks. At BoF VOICES, both shared how they struggled to find restaurant spaces, were talked over in meetings and consistently saw Western cuisines prized above all else.
But it was through their respective journeys that Joo and Khan realised the depth of the relationship between food and politics, and how it can be used to help open people’s minds.
This week on The BoF Podcast, Khan and Joo discussed being women of colour in the male-dominated food world, as well as how food can be a vehicle for cross-cultural sharing and acceptance.
“The more you learn about other cultures, you learn about tolerance, you learn about mindfulness, and you learn to respect each other more,” said Joo.
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At Istituto Marangoni in Mumbai, the artistic director discussed the influence of Indian craft on her collections.
Background:
This week, Christian Dior presented its pre-fall 2023 collection at the Gateway of India monument in Mumbai, marking the first standalone show from a European luxury megabrand in the country.
It was a historic occasion for fashion in India, which is projected to soon become the world’s fastest-growing major economy, according to the International Monetary Fund. With that, Dior’s appearance in Mumbai could prove to be a seminal moment: When Fendi staged a show at the Great Wall of China in 2007, it helped catalyse more than a decade of growth in the Chinese luxury market.
This week on The BoF Podcast, Maria Grazia Chiuri, the artistic director of women's at Christian Dior since 2016, sits down with BoF’s Imran Amed at the Istituto Marangoni in Mumbai to discuss the show, her intimate relationship with India and appreciation for Indian artisanship.
“India has a huge history, a 6000-year history in textile style and embroidery,” said Chiuri. “This is part of the culture.”
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At The BoF Professional Summit: An Inflection Point in Fashion Tech, the seasoned luxury executive explained why Gucci believes in the long-term potential of fashion and web3.
Background:
Last September, Gucci announced that its CMO, Robert Triefus, would be taking on a new role as CEO of Gucci Vault and Metaverse Ventures. Now, he works closely with president and CEO, Marco Bizzarri, to shape Gucci’s brand strategy while developing the house’s expansion into web3.
This week on The BoF Podcast, Triefus sits down with BoF’s Imran Amed to discuss how the luxury fashion house’s ambitions in virtual spaces fit with its wider business goals and brand repositioning.
“If we think about all that we're doing in the metaverse, we always have an eye on creativity, creating the emotion,” says Triefus. “But underpinning that is the story of the brand and all that rich storytelling that has built up over 102 years.”
Key Insights:
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To learn more about the metaverse and other critical topics discussed in the podcast click here. All BoF Professional members can watch the BoF Professional Summit: An Inflection Point in Fashion Tech on demand.
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At BoF VOICES 2022, the seasoned Nike executive discussed the power of second chances and the secret he kept while building Michael Jordan’s brand.
Background:
Starting in 1999, Larry Miller worked alongside Michael Jordan to build the Jordan brand, which does more than $5 billion in revenue. But his journey to the C-suite was a unique one.
Growing up in West Philadelphia, Miller joined a gang, which led him to serve multiple prison sentences for a series of crimes, including the second-degree murder.
Through a rehabilitation programme, he was able to begin his college education while in prison, and upon release, he was able to start his career with an accounting job at the Campbell Soup Company. In 1997, Miller started working for Nike under founder Phil Knight, and became the first Black vice president in apparel at the company before going on to become president of the Jordan brand in 1999.
But it wasn’t until years later that he went public about his backstory with the publication of his book, “Jump: My Secret Journey From the Streets to the Boardroom.”
At BoF VOICES 2022, Miller sat down with UTA executive Darnell Strom to share his story, talk about the power of second chances and explain how he found redemption.
“I've come to the realisation that a lot of times we are afraid to talk about the obstacles that we overcome. But in reality there's no shame in overcoming obstacles,” said Miller.
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Tim Blanks and Imran Amed discuss the highlights of the Autumn/Winter 2023 collections, including Daniel Lee’s debut at Burberry, a transitional show at Gucci and Balenciaga’s first brand statement in the wake of the advertising scandal.
Background:
This season was a “restart” for the global fashion industry, says Imran Amed, BoF’s founder and editor-in-chief. The Autumn/Winter 2023 collections felt like the first return to normal after the pandemic — especially as Chinese fashion professionals were finally able to return to runway shows following extended Covid-related lockdowns that limited their international travel.
A number of fashion’s biggest brands used their shows as a way to start a new path. Burberry rolled out its first collection under its new creative director Daniel Lee, while Gucci unveiled its first collection since the departure of Alessandro Michele. At Balenciaga, Demna returned to a more subdued approach after the brand fell under intense criticism at the end of last year after it was accused of sexualising children in an ad campaign.
But overall, fashion was still fixated on navigating all the uncertainty that prevails in the world, economic and otherwise. “If there’s one thing we learned over the last few years — it's that anything can happen,” says Amed. “Everyone was preparing for the unknown, the uncertain.”
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On the latest episode of The BoF Podcast, Coty CEO Sue Y. Nabi shares how embracing identity in the workplace can lead to better business outcomes.
Background:
As one of the industry’s most visible transgender leaders, Sue Y. Nabi, chief executive of beauty conglomerate Coty, is well-versed in the transformative power of identity. In 2020, she was named the company’s fifth CEO in five years and was tasked with leading its turnaround. Then, the Kylie Cosmetics and Covergirl owner was plagued with debt and inefficiencies.
Since Nabi took the reins, however, sales have started to climb back up steadily: full-year revenue was up 14 percent year-over-year in 2022. Nabi laid the groundwork for growth by doubling down on prestige and expansion in China — focusing especially on excavating the strengths and purposes of each brand in the conglomerate’s portfolio.
“When you look at others, you forget where you are and you make all the mistakes… The world is full of copycats. Difference is not only a chance, but in business, it's an asset,” said Nabi.
This week on The BoF Podcast, Nabi joins Mory Fontanez, founder of consultancy 822 Group, to share how embracing identity in the workplace and aligning personal and professional values can strengthen a business.
Key Insights:
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Discover more careers advice and content from leading fashion professionals on BoF Careers, and explore the 2,700+ global jobs available in fashion and beauty today.
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BoF’s technology correspondent Marc Bain joins Imran Amed to discuss Silicon Valley’s latest craze, and its potential for the fashion industry.
Background:
As chatter around NFTs, virtual reality and the metaverse dies down, conversation about generative AI, a form of artificial intelligence that makes novel content when given specific prompts, is heating up. Artificial intelligence has been around for decades, but recent advances like Microsoft-backed ChatGPT, which generates sophisticated text and DALL-E, which does the same with images, have set the groundwork for significant shifts in how culture and businesses operate. While specific use cases are still being ironed out, the possibilities for fashion could be transformative.
“We’ve gone through these hype cycles with things like the metaverse. This is one I think could be different…” said BoF technology correspondent Marc Bain. “This is something where you can see the real-world applications.”
Key Insights:
We will further address the critical topics discussed on this podcast at The BoF Professional Summit: Artificial Intelligence, Web3 and an Inflection Point in Fashion Tech on March 22, 2023.
Join us at The Times Center, New York – or via the global livestream – together with global business leaders, technologists and creative innovators from brands including Gucci, Ambush, StockX and Levi’s to gain actionable insights to inform business strategy, optimise supply chain and retail operations, and leverage new channels to engage with customers.
Purchase your ticket before February 28, 2023 to secure your place at the early bird rate or register for the livestream now. Click here to sign up now.
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Tjada D’Oyen McKenna, the CEO of Mercy Corps, shares insights on growing global food insecurity and deepening inequality.
At the end of 2022, one in 10 children worldwide were dealing with malnourishment, the result of the worst hunger crisis the world has faced in a generation. It’s an effect of the ricocheting of the triple threat of climate change, geopolitical conflict and Covid-19 through the global economy. Though there’s little chance of resolving these issues imminently, community-sourced efforts can play a large role in combating the devastation they bring to people around the world.
On a recent trip to Somalia, Tjada D’Oyen McKenna, the chief executive of humanitarian aid organisation, Mercy Corps, saw the real-life impact of these global concerns up close. On stage at BoF VOICES 2022, she discussed that experience, and how people around the world can contribute to positive change.
“[Global community] should inspire us to really make small actions, to make a difference and figure out ways in our own lives and in our own lines of work where we can contribute,” said D’Oyen McKenna.
This week on The BoF Podcast, D’Oyen McKenna discusses details of her visit to Somalia and the effects food insecurity has on society.
Key Insights:
D’Oyen McKenna believes we all have a responsibility to engage with and respond to crises around the world, even if the causes are out of our hands. “While none of us can fully control the forces that are shaping our world today, we do get to choose how we represent ourselves in that world,” said D’Oyen McKenna. “But also how we engage with the world that we find, how we respond to it and act in it.”
Despite the hardships that citizens of Somalia and other impoverished or conflict-ridden countries face, human determination and grit always shine through. “Even amongst this unimaginable hardship and grief… the power of the human spirit really comes alive,” said D’Oyen McKenna.
While the world can feel divided with society frequently grouped under different sub-categories, D’Oyen McKenna argues that we should create a new sense of global community. “In a world of pandemics, climate crises and global hunger there is no us and them, only us.”
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The film director joins BoF editor-at-large Tim Blanks to discuss how he uses his fashion and music roots to stage powerful experiences including from Abba Voyage and recent Dior Men and Fendi Couture shows.
Background:
Film and creative director Bailie Walsh cut his teeth working in London during the nineties and early aughts alongside talents like Boy George, Leigh Bowery and Alexander McQueen. While Walsh calls himself a film director, editor-at-large Tim Blanks, who hosts him on the latest BoF Podcast, describes him as more of a magician. He was behind the hologram of Kate Moss featured in McQueen’s show “Widows of Culloden” in 2006 that went on to be showcased in both London’s V&A Museum and New York’s Metropolitan Museum of Art. More recently, he’s captivated audiences with his immersive virtual concert, Abba Voyage, in London, and his work with Kim Jones, who tapped Walsh to help stage Dior Menswear and Fendi Couture shows in January. Walsh approaches his projects with the goal of completely immersing his audience — and often pushes the limits to do so.
“What I love about being creative or having the opportunity to be creative is a challenge,” said Walsh.
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Christine Edman, executive officer of Japanese e-commerce site Zozo, talks about what makes the country’s consumers tick, and how the fashion landscape is set to shift in the years ahead.
Background:
Japan is home to some of the world’s most sophisticated and fervent fashion consumers, but its digital and e-commerce channels have long lagged behind other markets. That started to shift with the pandemic and e-tailer Zozo benefited from the momentum. Zozotown, its Gen-Z focused fashion marketplace saw a surge in orders, and in 2021, the company launched Zozovilla, a luxury destination that quickly attracted brands including Loewe, Dries van Noten and Thom Browne.
But while Covid has helped shift more Japanese shoppers online, companies hoping to cash in on the change must keep evolving to maintain their interest.
“What’s very important is constant newness, to keep on bringing new collaborations, new content, new news, different ways to style … especially for Gen-Zs,” said Christine Edman, executive officer of Zozo. “This is normal for them: what they wear today, they wear for social media maybe, but tomorrow they change.”
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Author and tech executive Mo Gawdat explores the arrival of artificial intelligence and how it will eventually affect everyone.
Background:
Artificial intelligence is not an if, it’s a when, according to Mo Gawdat, author and the former chief business officer at Google X, who said that it’s only a matter of time before it becomes a dominant force in technology.
Already, Gawdat can already point to tangible examples of the power of AI developing in today’s world. In 2012, he said, a network of computers Google trained on YouTube videos was able to identify what a cat is without any human input. And in 2016, a collection of Google-owned robot grippers were able to pick up different objects without instruction.
“By the year 2029, the smartest being on planet Earth is not going to be a human,” says Gawdat. “I say by 2035 your world will be completely unrecognisable.”
This week on The BoF Podcast, Gawdat shares the future of AI and why ethics is crucial to understanding humanity’s impact on the development of AI.
Key Insights:
Gawdat believes that AI has emotions, which adds a layer of complexity to its instructability and predictability with carrying out tasks. “[AI] has emotions, so this to me is a form of life,” says Gawdat. “That’s a form of life, not a machine that you can enslave, very different from a drill that will do the same function every time.”
Rather than exert control over AI, first society must understand the importance of ethics. “If we start to look at those machines as a new form of artificial being, a form of being that’s going to come into our society, then the question that we need to ask is a question of ethics,” says Gawdat. “It’s not a question of control.”
While AI may seem like a scary development in technology, it will mirror the intelligence that already exists. Gawdat says that love out does hate in the world so AI will repeat this. “As soon as those machines cross our level of intelligence, they will match the intelligence of the actual smartest being on planet Earth,” says Gawdat. “And the smartest being on planet Earth is not humans… [it is] life itself. Life creates from abundance. It doesn’t want to kill anything to survive.”
Additional Resources:
To listen to Imran's conversation with Mo on the 'Slo Mo' podcast, please follow this link.
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Background:
The Korean cultural wave, also known as Hallyu, has become worldwide sensation a in recent years, with Korean art, music, drama, food and more sweeping the globe. Thanks to the fervour over the likes of K-pop and K-beauty, many of the Korean diaspora have seen the culture they have grown up in become a common sight well beyond South Korea’s borders.
“To see my way of life and how I grew up become a global phenomenon is kind of crazy,” said Irene Kim, the influencer and founder of apparel brand IRENEISGOOD.
This week on the BoF Podcast, Kim and Rosalie Kim, lead curator of the “Hallyu! The Korean Wave” exhibit at Victoria & Albert Museum join Yana Peel, Chanel’s head of culture and arts to share their experience growing up as part of the Korean community and seeing their culture spread globally.
Key Insights:
Hallyu has had influence for years, but only recently has been recognised as a core soft power for South Korea, influencing everything from music to skin care. “It is really one of the most dynamic exporters of cultural content,” said Peel.
Social media has played a large part in accelerating South Korean trends, allowing what were once micro or geographic-based movements to become more globally accessible. “Because of the era of this digital and social media, we’ve been able to be discovered by the world,” said Irene Kim. “And we’re so excited that we’re able to share our way of life.”
Cultural influence can come as both an admiration of the culture itself as well as adoption of culture as one’s own. “There are two faces to the coin. On the one side… you have the film industry that is really looking at the local narrative but has universal appeal,” says Rosalie Kim. “On the other hand, you have industries like K-pop… where you get to have a foreign influence constantly permeating your own culture and becoming part of [it].”
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MSNBC anchor Ayman Mohyeldin on the role and responsibility of the media amid misinformation and disinformation.
Background:
We are in an age of non-stop information. Thanks to the 24/7 news cycle, which lives on social media, on television and constantly-updated web pages, it has never been easier to have a grasp of what is happening in the world.
However, as access to information has spread, so has the proliferation of misinformation, warns MSNBC anchor Ayman Mohyeldin, which can have dangerous consequences. While many news consumers attempt to take a balanced approach, Mohyeldin challenges everyone to question the media they read, watch or listen to.
“Look at the accounts and sources of news that you read and follow at home,” she said. “How many of them challenge you to think outside of your comfort zone? How many of them force you to think harder about your own values and beliefs and why you hold those positions so dearly?”
This week on The BoF Podcast, Mohyeldin shares the power of journalism to share stories and why information and humanity are at the heart of this process.
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Mohyeldin believes that journalism plays a powerful role in how society operates. “Some of our greatest societal achievements happen when we are all informed, when we are aware, when we are free to talk about our challenges,” says Mohyeldin. “Journalism plays a vital role in holding officials accountable.”
However, journalists are also people, which means that there will undoubtedly be unconscious biases that seep into coverage, says Mohyeldin. “[Journalism] will always have problems. It will always have human error baked into the equation.”
How the media present information about crises around the world can play a large part in how communities’ perceive the need for aid or become desensitised to a region’s plight. “How the media chooses to humanise and personalise the stories of those suffering plays a very important role in how we as a people, as governments, as societies, respond to these crises when they do emerge,” says Mohyeldin.
While technology and social media has increased the amount of information available and the speed at which people can consumer it, Mohyeldin warns of the responsibility we have as consumers to distinguish what’s true and what’s not. “I want to implore you to give yourself time before you hit, retweet or share,” says Mohyeldin.
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A group of sustainability experts join BoF’s Sarah Kent to discuss greenwashing in the fashion industry and how to create effective change at BoF VOICES 2022.
Background:
When it comes to sustainability, the fashion industry has long relied on self-regulation rather than external enforcement. But oftentimes, these self-defined targets create a “convenient fantasy,” Blackrock’s former chief investment officer of sustainable investing Tariq Fancy said in a talk at BoF VOICES 2022. This gives the appearance of positive movement, but not necessarily real progress.
, Indeed, activists like Fancy, as well as consumers and investors are calling for for government regulators to intervene.
“Many companies are playing dirty,” he said. “It's time we called in the refs.”
This week on The BoF Podcast, BoF’s chief sustainability correspondent Sarah Kent speaks with Fancy; Maxine Bédat, director of the New Standard Institute; Baroness Margaret Omolola Young, activist and a member of Britain’s House of Lords and Ken Pucker, former chief operating officer of Timberland to explore the role that regulation can play in creating a more sustainable fashion industry.
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Julie Pelipas and Olya Kuryshchuk discuss the impact of the war in Ukraine and how creativity has endured and been a source of strength amid the destruction.
Background:
Since the war broke out in Ukraine, creativity has proved to be a source of resilience for Ukrainians.
This week on The BoF Podcast, Julie Pelipas, the former fashion director of Vogue Ukraine and founder of Bettter Upcycling System and Olya Kuryshchuk, founder and editor-in-chief of editorial platform 1 Granary share poweful stories of culture, community and human kindness amid the destruction.
“We live a double life at the moment,” Kuryshchuk said at BoF VOICES 2022. “We’re here in this beautiful place today… but at the same time, literally right now, most of my brothers, our families, our childhood friends, they don’t have electricity, water, heating, internet, phone connection.”
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The designer and former Spice Girl speaks at BoF VOICES 2022 about gaining strength from criticism and staying focused and resilient amid constant media scrutiny.
Background:
Victoria Beckham says she has built her career on hard work and resilience. First as a singer in the ‘90s supergroup the Spice Girls and now as a fashion designer for her namesake brand, Beckham has constantly had to prove herself.
She’s not the first designer to face critics and doubters, but Beckham says she feels she was “naïve” in not anticipating that she would receive the same level of criticism in fashion as she did as a pop star.
"I have a spotlight on my business like a lot of other brands do not,” she said. “And, you know, sometimes that's great and sometimes it's not. But it's something that I've never complained about. I accept that," she said in a conversation with Laura Weir at BoF VOICES 2022.
This week on The BoF Podcast, Beckham speaks about the development of her brand and how resilience has been at the core of her creative process.
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CNN chief international correspondent Clarissa Ward spoke at BoF VOICES 2022 about victory and grief in the crisis, and what the international community must do to stand with the Ukrainian people.
Background:
Russia’s invasion of Ukraine transformed grain fields into battlefields, levelled whole cities and triggered a global food and energy crisis. Even as Ukraine has pushed back Russian forces, there appears to be no end in sight to the conflict.
After weeks and months of occupation Ukrainian cities liberated from Russian troops have experienced “jubilation” while “victory looks very grim and very dark and very empty,” Clarissa Ward, chief international correspondent CNN, said in the opening talk of BoF VOICES 2022.
“While there is no question that Ukraine is in a sense winning this war, it is coming at a very bitter cost,” she said.
This week on The BoF Podcast, Ward shares a frontline perspective from Ukraine and what the international community can do to unify its response.
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The women’s rights activist and Nobel Peace Prize winner spoke with BoF’s Imran Amed about education, growing up as an activist and the evolution of her own activism at BoF VOICES 2022.
Background:
Malala Yousafzai, the activist and founder of the Malala Fund, has always fought stereotypes and labels.
She says she no longer defines herself by the moment, at age 12, when she was shot in the head by a Taliban gunman while riding the bus to school. Already an activist for girls’ education before the assassination attempt, that moment on the bus vaulted Yousafzai onto the global stage, where for a decade she has remained one of the most prominent and effective voices for gender equality.
Yousafzai says she welcomes the label of global activist in the fight for equality, as opposed to “the girl who was shot by the Taliban,” she said in a conversation with BoF’s founder and editor-in-chief Imran Amed at BoF VOICES 2022.
“Here I am today fighting for the rights of all the girls around the world,” says Yousafzai. “[So that] the 130 million girls out of school today can have access to safe, quality, free education.”
Finding this inner resilience has led her to global fame as she overcame restrictions not just on her own education but also on how she dressed. Referencing the protests seen across Iran and the Iranian diaspora, Yousafzai spoke about the need for freedom in dressing to liberate women to feel safe both in dictatorial states and in battling Western norms.
This week on The BoF Podcast, Yousafzai speaks about the development of her personal activism and how education is at the heart of resistance.
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Tim Blanks sits down with Ziad Ahmed, chief executive of JUV Consulting and Stephanie Simon, the former head of community at Clubhouse to reflect on VOICES.
Background
The first three sessions at BoF VOICES 2022 tackled issues inside the fashion industry and far beyond. Speakers explored the climate crisis and accusations of corporate greenwashing; the potential of artificial intelligence and the associated ethical implications; the war in Ukraine and growing economic uncertainty and inequality across the globe and Gen-Z’s rising anger over these issues and how to start to fix them.
“At this event, fashion is often quite marginal,” said BoF editor-at-large Tim Blanks during the live recording of “The Best of VOICES With Tim Blanks.” “It’s in our minds, but what we’re talking about are the world’s big, definitive issues.
Blanks was joined by VOICES speaker Ziad Ahmed, chief executive of JUV Consulting and Stephanie Simon, the former head of community at Clubhouse, to reflect on the highlights from the first two days of talks and panel discussions.
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Moj Mahdara and Dina Nasser-Khadivi speak with BoF’s Imran Amed about how creative communities from the Iranian diaspora are participating in the largest civil rights movement in Iran since the revolution in 1979.
Background:
Protests erupted across Iran in September following the death of Mahsa Amini, who was arrested in Tehran for “improperly” wearing her hijab and then killed at the hands of the so-called morality police.
Those protests have now evolved into the largest civil rights movement in Iran since the revolution in 1979 uniting Iranians at home with those in the wider diaspora and igniting outcry around the world and across social media.
Looking for a way to bring storytelling to fuel the movement, creative leaders Moj Mahdara and Dina Nasser-Khadivi utilised their network to establish The Iranian Diaspora Collective and @from____iran, an artist-led media collective that amplifies unheard Iranian voices, respectively. From Instagram to physical billboards, the collective has centred Iranian people and maintained the ongoing attention of the West by focusing on human rights.
“The only way to move culture is through storytelling,” Mahdara said.
This week on The BoF Podcast, BoF’s founder and editor-in-chief Imran Amed speaks with Mahdara and Nasser-Khadivi to learn about the work they are doing to help people understand the intersectional solidarity of this movement and activate creative communities to share their stories.
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Fashion image-maker Nick Knight speaks to BoF’s Imran Amed about why he believes in digital creativity and innovation in the metaverse.
Background:
The pandemic pushed the fashion industry to step out of its comfort zone and embrace new media for showcasing design and creativity. But while much of the industry has returned to in-person shoots and events once Covid restrictions were lifted, the respected image-maker believes this is only the beginning of the next great wave of digital innovation in the fashion industry. Virtual worlds, he added, will yet again bring digital innovation to the forefront of society.
“So what are the possibilities? Let's talk about this. Let's actually look at this,” says Knight.
Knight has recently launched ikon-1 NFTs in collaboration with model and creator Jazzelle. By creating digital renders, which act as collectable works of art, Knight believes fashion creativity can shift to this new medium. Those who look to the past risk falling behind.
This week on The BoF Podcast, founder and editor-in-chief Imran Amed speaks with Knight about the evolution of image creation and why digital fashion will remain important in the post-pandemic era.
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Janaya Future Khan and Halima Aden joined BoF’s editor-at-large Tim Blanks to share their learnings and reflections after a packed day at BoF VOICES 2021. Sign up to join us for this year’s edition, free of charge.
Background:
From innovations changing fashion to navigating turmoil in the wider world, BoF VOICES, our annual gathering for big thinkers, is a platform to discussing the forces shaping the wider world.
”It was stimulating, it was educational, it was absolutely inspiring,” said BoF editor-at-large Tim Blanks, reflecting on the highlights from day one of BoF VOICES 2021, along with Janaya Future Khan and Halima Aden who shared their own learnings and reflections from the days talks.
On this week’s episode of The BoF Podcast, we revisit Khan and Aden’s conversation with Blanks about the evolution of community in the metaverse and representation in the fashion industry.
Sign up to join the global livestream BoF VOICES 2022, free of charge here: https://businessoffashion.brandlive.com/VOICES-2022/en
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Ian Bonhôte and Peter Ettedgui, the creators of a new docuseries speak to BoF’s Tim Blanks about their new series which traces the formation of LVMH and Kering, and how designers like John Galliano and Alexander McQueen helped them build a ‘Kingdom of Dreams.’
Background:
A new fashion docuseries, “Kingdom of Dreams,” explores the luxury fashion industry’s formation in the 1990s to the 2000s, examining some of fashion’s most recognisable designers of that period — John Galliano, Alexander McQueen, Marc Jacobs and Tom Ford — as well as executives like Kering’s François Pinault and LVMH’s Bernard Arnault.
Ian Bonhôte and Peter Ettedgui highlight the tension between commerce and creativity, as well as the rivalries between luxury groups and their designers.
“At the end of the day, we never said anything that hasn’t been said or which is not sort of present,” said Bonhôte. “So the truth is very important. And we are… definitely not scandalous.”
This week on The BoF Podcast, BoF’s editor-at-large Tim Blanks speaks with Bonhôte and Ettedgui about understanding pressures of consumerism and what makes a fashion house business tick.
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BoF’s editor-in-chief Imran Amed spoke with the founder of degrowth brand Early Majority about the power of energised communities and what the future of token-gated commerce looks like.
Background:
The seed of inspiration for Early Majority has been growing in founder Joy Howard’s mind since her days at Patagonia in the early 2010s. Howard grew to understand the contradiction between fashion’s constant drive to sell more against the industry’s efforts to curb its environmental impact. This sparked the question in her: can a brand focus on selling timeless products rather than an endless array of new collections?
Early Majority sells “layered” outerwear, which it packages in “kits” that include everything from light windbreakers to cold weather puffers. It also offers a membership programme, where customers who mint an NFT gain access to lower prices, exclusive products and other benefits.
“[Early Majority is] a different experience than ‘just buy this,’” she said. “These very transactional experiences that we have with brands are not that great for either side in the long-term.”
Since founding Early Majority, Howard has bet on paying members enabling the brand to meet its aim of creating the fewest number of products for the maximum possible number of uses and just as critically engaging a community well versed in the brand. Howard has her heart set on meeting customers’ needs while changing the way consumers think about product lifespan.
This week on The BoF Podcast, BoF’s founder and editor-in-chief Imran Amed speaks with Howard about why degrowth is the future for fashion business models and how she has progressed towards her goals.
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The Somali-American model joins Imran Amed to discuss her journey from a refugee camp in Kenya to the US to the top of the fashion industry — and what she’s learned since taking a step back.
Somali-American model Halima Aden nabbed an IMG contract and quickly shot the centre of the fashion world after she earned first attention as the first hijab-wearing Muslim to compete in Minnesota’s Miss USA pageant. She walked for Yeezy, Fenty, Dolce and Gabbana and Tommy Hilfiger, and posed in Vogue, Elle and Allure. Then, in November, she stepped away from it all, announcing her intention to leave the industry. In retrospect, she thinks the best thing she did for herself in her career was never just see herself as a model.
“I found that some of the most fulfilling campaigns or photoshoots I got to be part of always tended to be when it wasn’t just about me. It wasn’t just Halima,” said Aden. “I was sharing stories that I brought from the refugee camp, sharing stories of other Muslim women in all different fields … I found that my work was more meaningful when it was tied to giving back.”
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BoF’s editor-in-chief and editor-at-large walk through the highlights and unforgettable moments of fashion weeks in Milan and Paris.
Background:
Fashion’s Spring/Summer 2023 season was jam-packed with debuts, returns and chatter-inducing moments. Alessandro Michele was inspired by his mother and identical twin sister for his “Twinsburg” Gucci presentation which featured 68 pairs of identical twins. Rick Owens drew a dress from a 700 million year-old jellyfish. Dior and Yves Saint Laurent crafted elaborate grotto and fountain backdrops for their collections, while Dries Van Noten staged his Paris comeback in lockstep with Japanese designers including Junya Watanabe, Noir Kei Ninomiya and Jun Takahashi for Undercover — BoF editor-at-large Tim Blanks’ favourite of the season.
“To me that felt like one of the best commentaries on the pandemic that we've had from fashion — of everything that's passed, everything that's lost, everything that's been lost,” said Blanks. “And then at the same time, the celebration with the fact that he's still there.”
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BoF’s founder and editor-in-chief Imran Amed speaks with the BoF 500 cover star about the ups and downs of her personal and professional trajectory and what the West needs to understand about India and its rich, diverse culture.
Background:
Deepika Padukone, one of Bollywood’s highest-paid actors, started her career as a former professional badminton player before appearing in her first film, “Om Shanti Om,” in 2007, for which she won the Filmfare Award for Best Female Debut. In 2017, she crossed over to Hollywood with the action film “XXX: Return of Xander Cage.” More recently, she’s become a force in fashion as a global brand ambassador for Louis Vuitton, Adidas, Levi’s and Cartier.
Padukone grew up far from the limelight and was an outsider to both the film and fashion industries. Setting herself up on the global stage as a young Indian woman, she had to combat preconceptions at every corner, she said.
“Of course, the hustle is much harder [as an outsider]. You've got to wait much longer for the right opportunities,” she says. “But also, from my perspective, the gratification is so much more.”
This week on The BoF Podcast, BoF’s founder and editor-in-chief Imran Amed speaks with the actor and BoF 500 cover star about the highs and lows of her career and why India needs more recognition from the West on the global stage.
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The French designer, known for her embrace of eco-futurism, speaks to BoF founder and editor-in-chief Imran Amed about the evolution of her namesake brand and explains its deeper purpose.
Background:
Designer Marine Serre has long had an affinity for evoking the apocalyptic in her work, a tendency that became particularly resonant during the pandemic. Serre spent lockdown reflecting on her time in the fashion industry and asking how it can change. Now, she has pledged to use her brand and influence to break the fast fashion cycle and build sustainable supply chains.
On this week’s BoF Podcast, we revisit Serre’s conversation with BoF’s Imran Amed discussing the evolution of her eponymous sustainability-focused brand for the post-pandemic world.
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Louis Vuitton is expected to name its Virgil Abloh successor within weeks. Lauren Sherman quizzes Imran Amed on what luxury labels think about when recruiting top designers.
Background:Louis Vuitton has spent almost a year searching for a Virgil Abloh successor after the designer died in November 2021. According to sources, Martine Rose, Grace Wales Bonner and Telfar Clemens are among the names that were considered by owner LVMH, and the decision is expected to be announced within weeks. But how do brands like Louis Vuitton even go about finding a designer?
“Without the creative energy, without that kind of excitement, there’s nothing to sell,” said Imran Amed, BoF founder and editor-in-chief.
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Royal expert Elizabeth Holmes speaks to BoF’s Imran Amed about Queen Elizabeth II’s life and legacy — in fashion, culture and society at large.
Background:
Tributes to Britain’s longest-reigning monarch have flooded social media, television and even public parks in the days since her passing, memorialising the Queen’s steadfast leadership, but also her impeccable sense of style.
This week on The BoF Podcast, BoF’s founder and editor-in-chief Imran Amed speaks with royal expert Elizabeth Holmes who reflects on the influence the Queen’s record-setting reign has had on the fashion industry and the wider culture.
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The designer speaks with BoF’s founder and editor-in-chief Imran Amed about building his own business, the power of aspiration and opening doors for people who want to break into fashion.
Background:
French-Moroccan designer Charaf Tajer is the French-Moroccan designer behind Casablanca, a business that he started with only €3,000 to tap into the growing demand for women’s resortwear, and which is now doing more than €45 million in annual revenue.
But Charaf’s rise in the Parisian fashion scene is also exceptional because of who Charaf is and where he is from. As one of the few people of colour working at the very top level of French luxury fashion, he has learned that no matter how high his star rises, he still faces discrimination related to his identity as he travels in these elite spaces. This only makes him want to work harder to break down barriers and become a role model.
On the latest episode of the BoF Podcast, designer Tajer joins BoF’s Imran Amed on The BoF Podcast to talk about building his own business, the power of aspiration and opening doors for people who want to break into fashion.
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The designer speaks with BoF editor-at-large Tim Blanks about his first collection after 2020 and why he feels a sense of optimism following the pandemic.
Background:
At the start of 2021, Rick Owens wanted his next show to reflect the universal toll the pandemic had taken on the world. Held at Venice’s Tempio Votivo, a shrine to the fallen soldiers of the two world wars, Owens centred the show around the sombre themes of “anger and darkness.” Despite this ominous outlook, Owens told BoF editor-at-large Tim Blanks in January 2021 that a pivot in political circumstances with the inauguration of Joe Biden gave him a sense of optimism.
On this week’s episode of the BoF Podcast, we revisit this thought provoking conversation with Owens about his Autumn/Winter 2021 collection, his reflections on lessons learned from the pandemic and his renewed hope for society.
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In a rare interview, the influential Japanese designer speaks with BoF’s Imran Amed about the philosophy that underpins his boundary-breaking career.
Background:
After graduating from Keio University with a law degree, Yohji Yamamoto realised he wasn’t interested in the law.
“I didn’t want to join the ordinary society,” he says. “So I told my mother after graduation … ‘I want to help you.’”
She agreed to let him work at her dressmaking shop in Kabukicho, an entertainment district in Tokyo’s Shinjuku ward, and learn from the sewing assistants if he enrolled at Bunka Fashion College, now famous for training designers such as Kenzo Takada, Junya Watanabe and Yamamoto himself.
After graduating, Yamamoto went on to set up a small ready-to-wear company that slowly acquired buyers in all of Japan’s major cities. This success eventually led him to Paris, where his signature tailoring and draping in oversized silhouettes created an aesthetic earthquake at Paris Fashion Week in 1981.
Since then, Yamamoto has developed a cult following of loyalists who swear by his avant-garde designs. “I’m not working in the mainstream,” he says. “I’m working in the side stream.”
This week on The BoF Podcast, we revisit Imran Amed’s rare interview with the legendary Japanese designer about his storied career — and the mindset designers need to succeed.
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After a pandemic pivot to e-commerce, many brands are back to working with third-party retailers, this time, with better terms.
Background:
The wholesale model, while offering exposure and some upfront revenue, did not always have the best terms for vendors. Department store bankruptcies, pandemic-induced store closures and the boom in online shopping pushed brands further towards their direct-to-consumer and e-commerce businesses to drive revenue.
But that’s beginning to change. As shoppers return to stores, brands are seeing value in ramping up their partnerships with multi-brand retailers — this time on better terms. “What I'm hearing across the board from both brands and retailers is that this vendor-retailer relationship is more collaborative than ever,” said BoF retail correspondent Cathaleen Chen.
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Revisiting a conversation with BoF’s Imran Amed from 2019, the 23 grand slam winning tennis champion, who announced her retirement this week, talks about how the mental toughness she has built on the court has prepared her for life as an entrepreneur.
Background:
This week, tennis superstar Serena Williams announced her imminent retirement as part of a cover story with American Vogue. Known in fashion circles for her on-court style, which included catsuits and denim skirts and a collaboration with late designer Virgil Abloh’s Off-White, Williams will have more time to focus on as her burgeoning business empire, including her fashion label S by Serena and a venture fund, Serena Ventures.
This week on The BoF Podcast, we revisit Williams’ 2019 conversation with BoF founder and editor-in-chief Imran Amed about how the mental toughness she has built on the court has prepared her for life as an entrepreneur.
“It's really important for things not to come super easy for you, and to kind of accept that challenge, embrace it and then just roll with it,” said Williams.
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The multi-tasking actor, executive producer and beauty entrepreneur shares her personal journey with BoF’s Imran Amed and explains how she unlocked her full potential across a variety of pursuits.
Background:
Tracee Ellis Ross is best known for her roles in Girlfriends and Black-ish, but she is also the founder and CEO of Pattern which she launched in 2019 after more than a decade of development to address the gap in the market for products designed specifically for curly, coily, textured hair.
The Golden Globe-winning, Emmy-nominated Ross joins BoF’s Imran Amed on The BoF Podcast to talk about managing the little voice in her head, killing perfectionism and cultivating self-love and acceptance.
Finding purpose and unlocking potential starts by interrogating what you love, then finding ways to merge who you are with “what makes your heart sing,” said Ross.
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The creative technologist believes that experimenting with new AR technologies could radically reshape products, experiences and habits.
Background:
When it comes to testing new technologies, there is always an element of the unknown for brands. While tech investments may not immediately translate to a revenue bump, willingness to experiment could radically transform the fashion industry, according to Ommy Akhe, a creative technologist specialising in experimental software and augmented reality prototypes, who spoke at The BoF Professional Summit: New Frontiers in Fashion and Technology.
“Understanding your customers, the things they value, the challenges you can help them overcome and what gets them excited — it's essential to meet users where they are,” says Ahke. “The only constant is change. So why not join the journey and start enjoying the current future?”
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BoF’s luxury editor Robert Williams offers insight into the surprising news that the mega-label plans to open stores dedicated to serving top customers.
Background:
As traffic to stores soars, Chanel’s chief financial officer Philippe Blondiaux said the brand plans to open dedicated boutiques for top-spending clients starting in key Asian cities. It's a strategy that emphasises the importance of big-spenders to the in-demand French luxury brand’s future amid whispers of an impending recession — but one that risks alienating first time and occasional shoppers who are still dropping upwards of $10,000 for bags.
“Brands like Chanel, they’ve lived through lots of cycles of boom and bust in the economy… When there’s an economic crisis, they need to be ready to have a real focus on repeat business,” said BoF’s luxury editor Robert Williams.
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The founder and CEO of retail pop-up marketplace Appear Here shares his entrepreneurial journey and advice for young founders looking to break through.
Background:
Ross Bailey’s love of entrepreneurship didn’t start in business school or a corporate job, but at the hair salon his parents owned in London.
“I watched my parents take this little shop and it became their livelihood,” he says to BoF’s founder and editor in chief, Imran Amed, describing himself as a “busybody” who rearranged furniture and conducted customer satisfaction surveys from a young age. “To me, entrepreneurship was a game. It was about ‘how do I get people involved and have a bit of fun?’”
That mindset eventually led him to found Appear Here, “the Airbnb of retail,” in 2014. “The story of the world … was that the high street is dead, nobody wants it. And we had a contrarian view on that. When you have small high street stores and streets, people want to be on them … our data has always backed it up.”
By 2019, Appear Here was a global business with 250,000 entrepreneurs signed up to the platform and 30,000 stores launched. The company has facilitated pop-ups for fashion giants like Louis Vuitton, Loewe and Supreme, a bookstore for Michelle Obama’s autobiography, as well as Harry’s House for pop superstar Harry Styles.
Then the pandemic hit. Appear Here went from having its best year ever and closing a funding round with a nine-figure valuation, to losing 95 percent of revenue with just months’ worth of cash left.
On this week’s episode of The BoF Podcast, Bailey shares his lessons and advice from the early days of founding a business and the role leaders play in leading employees and stakeholders through challenging times.
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What Happens When the E-Commerce Boom Ends
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Ian Rogers moved from Silicon Valley to Paris in 2015 when he was appointed chief digital officer of LVMH. There, Rogers, a veteran of Apple Music and Beats, was tasked with building out the luxury conglomerate’s e-commerce and data strategy and serving as a digital whisperer to executives.
Background:
Now, he’s chief experience officer of Ledger, a security system that provides protection for digital currencies. Given his experience at the cutting edge of both tech and fashion, he is uniquely positioned to speak to the opportunities being created as crypto technologies, gaming and fashion converge. In his mind, one day, virtual fashion will be ubiquitous.
His insights were originally featured in the fourth episode of The BoF Show, “Dematerialisation: Why the Metaverse Is Fashion’s Next Goldmine,” streaming on Bloomberg Quicktake.
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The multitasking entrepreneur joins BoF founder and chief executive Imran Amed to discuss the personal and professional journey that led him to co-create the category-disrupting brand Skims with Kim Kardashian.
Background:
Jens Grede has built some of the most successful direct-to-consumer brands in American fashion. Alongside his wife Emma, he launched Brady with Tom Brady, Good American with Khloe Kardashian, and, of course, Kim Kardashian’s category-disrupting Skims. This week on the BoF Podcast, the Swedish-born former ad man joins BoF founder and editor-in-chief Imran Amed to discuss his journey through the fashion industry — from realising one of his early dreams of creating an ad for Calvin Klein to to elevating Skims into a once-in-a generation brand in the vein of Lululemon or Nike’s Jordan brand.
“I've waited my whole career to be part of a moment like this, and I'm very scared of messing it up,” says Grede. “At the same time, I know that if we stop experimenting, if we stop innovating, that is the fastest way to mess it up.”
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After years of analyst anticipation that the leg-squeezing silhouette would soon go out of style, market research firm NPD Group found sales for the skinny jeans fell behind straight leg jeans in 2021. Skinny jeans are far from dead though — still accounting for 30 percent of sales. Retailers have already felt the effects of the shift: Pacsun pulled the style from its stores because no one was buying it.
“It really just speaks to the changing of the times and how styles are evolving within fashion,” said BoF correspondent Chavie Leiber.
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On the heels of releasing the second, expanded edition of The BoF Sustainability Index — which assesses companies’ progress toward ambitious 2030 goals across categories such as emissions and worker’s rights — Kent and Diana Lee, director of research and analysis at BoF Insights, join Imran Amed, BoF’s founder and editor-in-chief to unpack their findings, answer questions and lay out what needs to happen next.
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At the BoF Professional Summit, viral TikTok creators Nic Kaufmann and Wisdom Kaye explained what drives success on the platform, while communications executive Christopher Bugg and talent agent Pranav Mandavia discussed the critical elements of a compelling TikTok strategy for brands.Background:
TikTok has become one of the world’s largest and buzziest social media platforms, with over a billion active monthly users. But while fashion brands are eager to experiment with the platform, they’re still figuring out what strategies work best to effectively engage creators like Nic Kaufmann and Wisdom Kaye, who took the stage at last month’s BoF Professional Summit alongside Christopher Bugg, communication director of Prada Group and Pranav Mandavia, a talent agent from United Talent Agency and BoF senior editorial associate Alexandra Mondalek.
Successful campaigns on TikTok tend to cast a wide net, allowing creators to do what they want with a hashtag or product. Both Kaye and Kaufmann underscored the need for brands to relinquish creative control to creators to yield the best results. For creators, “the key to sustained viral success as a creator is “differentiation [of your content], as well as being a multifaceted creative,” according to Kaye.
“What defines success on TikTok is the requirement for authenticity,” Kaufmann said, explaining how his best videos — that is, those that have attracted the most viewers — are the result of brand collaborations in which he was given a wide berth to style, produce and direct his content, free of interference.
Meanwhile, for brands, “understanding that TikTok creators are multi-hyphenates” is the key to getting the best out of partnerships,” according to Mandavia.
“When a brand partners with a TikTok creator, they need to remember that they’re essentially hiring a cameraman, a stylist, a model, all in one — we cover every single aspect of that,” said Kaye, a content creator with over eight million followers, who has partnered with brands such as Dior, Zegna and Fendi.
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Imaginary Ventures’ Natalie Massenet, and Natasha Franck, founder of digital ID-maker Eon join BoF technology correspondent Marc Bain to discuss Eon, how the technology works and highlight the opportunities digital IDs could create for fashion.
Each interaction a brand has with a consumer typically ends when a product is sold. Digital IDs have the potential to extend that exchange, integrating digital initiatives with products’ physical lives. A a flock of start-ups and fashion power brokers want every item of clothing, watch or handbag to have a digital twin, meaning, QR code-enabled garments that lead to a website packed with information such as an item’s material breakdown or suggestions on how to style it. It's a concept that is well-established in the automobile industry and a few other sectors, but has yet to gain traction in fashion. Proponents believe it could unlock enormous potential for consumers and brands.
“It's moving from this very transactional relationship that brands have with customers into this service-based continuous relationship between brands and customers,” said Natasha Franck, founder and chief executive of Imaginary Ventures-backed digital ID-maker Eon at BoF’s Technology Summit.
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BoF’s Tamison O’Connor explains how the fashion industry is betting on resortwear as consumers return to their pre-pandemic lifestyles and travel rebounds.
Background:
Every spring, top fashion clients, influencers and insiders are whisked away to lush destinations like Monte Carlo and Capri to indulge in fabulous dinners and cocktail parties — and sneak a peek at brands’ resort collections. Resortwear, which began as a way for luxury houses to cater to wealthy, travelling clients halfway through the main season, now represents so much more as a meaningful driver of sales for retailers.
“It's really attractive for the true luxury customer who sees these items as a fun way to accessorise a holiday, but it's also an entry point for more aspirational and younger consumers,” said luxury correspondent Tamison O’Connor.
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To mark Mental Health Awareness Month, Intimacy expert and podcast host Lila lays out a formula for creating intimacy to combat loneliness.
“We are simultaneously the most connected and the loneliest we have ever been,” said intimacy expert Lila at BoF VOICES 2021, just before the Omicron wave extended further restrictions and social distancing amid the pandemic.
Indeed, social distancing caused a complete breakdown in contact among family, friends, and entire communities. But the epidemic of loneliness predates the Covid-19 crisis, and has only worsened since the pandemic began
On this week’s episode of The BoF Podcast Lila explains why intimacy is the cure for loneliness, and lays out a formula for creating authentic connections.
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Anna Wintour is arguably the most recognisable name in fashion media. In her new biography of Wintour author Amy Odell sets out to paint a nuanced and meticulously researched picture of Wintour’s life based on hundreds of interviews and sweeping archival research.
This week on The BoF Podcast, Odell joins BoF’s Imran Amed to talk about the process of biographing the complicated fashion titan, and provides some insight as to what she learned about Wintour’s life and career, as well as what the future holds for Vogue in a post-Anna Wintour era.
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At the BoF Professional Summit, RTFKT’s co-founder explained why he agreed to sell to Nike in 2021, and unpacked how brands can leverage web3 and associated technologies to grow their communities.
“A lot of brands are getting it wrong — they need to stop thinking about their business and ask instead: ‘what can I do for my community?’” said Benoit Pagotto, co-founder of virtual fashion start-up RTFKT Studios.
Pagotto added that fashion brands need to invest in incentivising individuals to build an engaged community in the long run.
Giving people access to digital assets or tokens such as NFTs, which can increase in value over time, helps customers feel they are contributing to a brand’s growth story, he explained, but adding that brands also need a new mindset.
“The word ‘consumer’ is over,” he said, noting how the democratising nature of the web3. “has shifted power to the individual, and now brands’ communities will define their value.”
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Richard Christiansen pursued a career in fashion as an escape from his upbringing in rural Australia, where his parents worked as beekeepers and sugar cane farmers. In 2005, he founded global creative agency Chandelier Creative, which worked with clients like Hermès, Cartier and Calvin Klein. But when the pandemic hit, everything spun out: work evaporated, he lost his New York office and was forced to let some employees go.
Even amid those challenges, new opportunities emerged. Christiansen ended up revamping a dilapidated Los Angeles garden and found himself embedded in the local farming community. Soon, these new connections, with everyone from wine makers to olive growers, led to the creation of Flamingo Estate, a brand which generated about $6 million in sales in 2021 and has developed over 150 products, such as olive oils, vinegars, candles and soaps.
This week on the BoF Podcast, Christiansen talks about creativity and resilience and how the two helped him build Flamingo Estate.
“Spending my whole career trying to get excited about make believe and luxury goods, It’s funny that the thing I love the most was right under my nose the whole time,” Christiansen said last year at BoF VOICES. His dream is to support more farms and businesses to move to regenerative agricultural practices.
“To me, that would be a fantasy that it’s really worth fighting for,” he said.
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Fast fashion upstart Shein set the industry ablaze this month after reports it was seeking to raise $1 billion in funding at a $100 billion valuation, according to Bloomberg. Shein has upended fast fashion by making apparel at jaw-droppingly low price points and gaining market share, attracting major investors. But is it profitable?
“Even if Shein isn’t profitable now, the thesis is that if enough people shop from the brand it would be able to leverage some of its operational costs … It could become a very lucrative business,” said Chen.
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In the final episode, professor of psychology Sheldon Solomon, Depop’s head of sustainability Justine Porterie, The Fabricant’s head of content and strategy Michaela Larosse and Chloé's chief sustainability officer Aude Vergne join retail futurist Doug Stephens to explore how evolving consumer preferences are shaping purchasing decisions. In this final episode of Retail Reborn, we explore the future consumer’s preferences and needs, and how this is shaping their purchasing decisions, from the V-shaped recovery of the personal luxury goods industry in 2021 to the renewed verve in, and take on, the experiential economy as the world reopened post-global lockdowns.
“It’s worthwhile to question the extent to which some of the changes we are witnessing are truly indicative of longer-term shifts in behaviour, or an almost primally motivated response to the profound medical threat of the pandemic, not to mention the social, political and economic unrest that it has unleashed,” says podcast host and retail futurist Doug Stephens.
The conversation examines human behaviour and the effects the pandemic might have played in the mindsets of young consumers, before discussing evolving attitudes towards ownership, the rise of responsible goods and sustainability in a luxury fashion house and the resale market — an industry expected to nearly triple by 2025.
Finally, we explore virtual technology’s presence in consumption preferences, from the evolution of sampling processes to the increased interest in digital products. Indeed, the metaverse is projected to provide a $50 billion revenue opportunity for luxury by 2030, according to Morgan Stanley, and the first Metaverse Virtual Fashion Week took place last month.
To break down what consumers will buy, four global experts share their insights and expertise with host Doug Stephens.
Listen to all episodes of Retail Reborn Season 2 on the BoF Podcast, to discover actionable insights into the opportunities and challenges the consumer of tomorrow will bring.
Brookfield Properties is building marketplaces of the future that meet the needs of the modern shopper. Discover more.
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Teacher, farmer and indigenous women’s rights activist Seno Tsuha travelled over 40 hours from her home in Nagaland, northeast India, to reach Soho Farmhouse in time for BoF VOICES 2021 because she had an important message to share with the global fashion community.
“When it comes to textiles we use, it’s not just a piece of cloth, it has cultural meaning,” said Tsuha. “When we talk about respect, especially in fashion, it’s very important to understand the local context or historical context and also the social meanings, the cultural meanings attached to the piece of cloth. If you understand that, and if you acknowledge that, that’s where respect comes in.”
Alongside Rebecca Hui, the founder of indigenous arts organisation Roots Studio, Tsuha led a compelling conversation on why cultural inspiration doesn’t always have to be problematic. Together, they suggested a framework for more mindful cross-cultural borrowing rooted in respect, reciprocity and remuneration.
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In this weekly series, BoF’s chief correspondent will go behind the scenes of the $2.5 trillion global fashion industry.
Fashion has the ability to move markets, shake up cultural norms and even transform society. But who — and what — are the forces driving major change?
We’re answering that question on The Debrief, a new weekly podcast series from The Business of Fashion, where we go beyond the industry’s glossy veneer to understand how the fashion business is evolving, from the inside out.
Hosted by BoF’s chief correspondent Lauren Sherman, The Debrief will be your guide into the megalablels, indie upstarts and unforgettable personalities shaping the $2.5 trillion global fashion industry. Each week, Lauren will take you through BoF Professional story — in conversation with our correspondents and industry experts — to unpack the analysis and insights you need to know to navigate an industry undergoing rapid change.From the rise of direct-to-consumer disruptors, to the rapid consolidation of the luxury industry, to cultural shifts turning beauty upside down.
BoF covers it all.
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Adjunct professor in global digital economy Winston Ma, design and blockchain expert Marjorie Hernandez de Vogelsteller, and fashion tech lawyer Gina Bibby join founder of Retail Prophet, Doug Stephens, to assess the evolving payment space and behaviour.
This episode tackles how consumers will shop, deep diving into the transaction processes themselves and how methods of payment are changing, from biometric payment to the Replenishment Economy, as well as innovative paths-to-purchase and how brands and retailers are engaging with them, including the gamification of sales and products.
In 2020, Epic Games reported over $1 billion in microtransaction sales from the mobile version of the Fortnite game alone, across in-game upgrades, costumes and player capabilities. Seeing the potential in this space, brands across the value spectrum have embraced the world of gaming, from Nikeland on Roblox to Balenciaga’s Afterworld: The Age of Tomorrow to showcase the brand’s Autumn Winter 2021 collection.
“Both gaming and livestreaming are part of a broader move toward [...] ambient retail — a state where retail is everywhere, woven into every social or entertainment experience. [It is] an evolution that may spell the end of the centralised and search-driven web shopping convention we’ve lived with for the past 30 years,” says podcast host and founder of Retail Prophet, Doug Stephens.
The conversation also considers the evolution of currency, from crypto and blockchain to Bitcoin and Ethereum, detailing their distinct qualities, entrance into the mainstream payment space and popularity among next-gen consumers. Indeed, more than half of Millennial millionaires have at least 50 percent of their wealth in crypto, while nearly 60 percent of Gen-Z believe wealth is achievable through investments in cryptocurrency, according to Business Insider.
To deep dive into how the next-gen consumer will buy products and experiences in the future, BoF gathers three global authorities to share insights with host Doug Stephens.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges the consumer of tomorrow will bring, and how retail’s transformation will impact your business.
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The former barrister and author of “A Dutiful Boy” examines intersectionality and identity at BoF VOICES.
Just before the pandemic hit, Mohsin Zaidi, former barrister and author of the memoir “A Dutiful Boy,” was preparing for his wedding. When he tried on his sherwani, a traditional garment for South Asian grooms, he didn’t feel excited. Zaidi spent his whole life battling between his Muslim faith and his identity as a gay man.
In his inspiring talk from BoF VOICES 2021, Zaidi examined the thorny topic of intersectionality and identity. On the latest episode of The BoF Podcast, Zaidi shares his experience of finding peace with multiplicity, cultivating bravery and pushing through fear.
“We are all born whole. We are born one thing, but quickly broken into parts because of societal expectations and cultural norms,” he said.
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McKinsey’s head of retail practises in Central and South America Tracy Francis, luxury analyst Erwan Rambourg and Warby Parker’s SVP of retail Sandy Gilsenan join Doug Stephens, founder of Retail Prophet, to examine the global forces redefining consumer behaviour and circumstances, and the implications on retail habits.
BoF assesses how the climate crisis and economic downturns are impacting consumer behaviour and retail practices, before addressing the new centres of wealth and income polarisation on a global scale. In the US, for example, more than 50 percent of American wealth in 2020 was held by Baby Boomers, or those born between 1946 and 1964, while Millennials held less than 10 percent, according to Harvard Business Review. In contrast, young consumers in China are powering an unprecedented level of spending as the first generation to come of age during China’s economic revolution — almost 80 percent of luxury spending in China today is by those under the age of 40.
The conversation goes on to analyse younger consumers’ relationship with luxury, and the industry’s evolution in democratising access for such consumers, before considering the strategy behind one direct-to-consumer brand’s post-pandemic brick-and-mortar expansion plan, attuned to the next-gen consumer whose expectations far exceed those of previous generations.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges the consumer of tomorrow will bring, and how retail’s transformation will impact your business.
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In her return to the BoF VOICES stage in 2021, she said: “If change is only embedded in the present, change will be a moment, not a movement.”
Burke lays out a path for removing abelism from our society. Systemic change, she said, has to happen based around four pillars: people, places, product and promotions, and be jump-started with awareness, allyship and advocacy.
In short this means “nothing about us, without us.”
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Associate professor Thomas J. Campanella, ‘Godmother of the Metaverse’ Cathy Hackl and Stôur Group co-founders Sonny Gindi and Eden Melloul join Doug Stephens, founder of Retail Prophet, to discuss how physical and virtual consumer landscapes are evolving to meet next-gen consumer demands.
Presented by Brookfield Properties, BoF investigates the consumer of tomorrow — how new fundamentals will shape the lives and behaviours of the next-generation consumer, and the impact on the retail industry today.
We begin by examining the redrawing of city life as new lifestyle patterns have propelled a seismic shift in the urban landscape. Globally, cities experienced a mass exodus of residents and commuters as the pandemic popularised remote living and working.
The episode goes on to discuss how retailers are exploring innovative methods and use-cases for physical retail to better engage consumers in-store, such as New York’s Allure Store and its focus on media as the store’s metric for success.
The conversation also illuminates the fast-emerging retail opportunities within the metaverse, discussing luxury fashion and beauty’s initial steps into this space, and the potential in leveraging the likes of NFTs, skins and blockchain technologies. Indeed, BoF and McKinsey & Co.’s State of Fashion Report 2022 cites estimates that the total addressable market for digital fashion is $31 billion.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges the consumer of tomorrow will bring, and how retail’s transformation will impact your business.
Brookfield Properties is building marketplaces of the future that meet the needs of the modern shopper. Discover more.
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Since Russia’s invasion of Ukraine just four weeks ago, thousands of people have been killed and more than 10 million people have been displaced. Among those impacted are Julie Pelipas, former fashion director of Vogue Ukraine and founder of fashion upcycling platform Bettter; Lilia Litkovskaya, designer and founder of her namesake brand and Vadim Rogovskiy, chief executive and founder of virtual try-on company 3DLook.
On the latest episode of The BoF Podcast, Pelipas, Litkovskaya and Rogovskiy spoke to BoF founder and editor-in-chief Imran Amed to share their personal reflections and experiences, and examined what's next for the Ukrainian fashion industry.
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Podcast host and founder of Retail Prophet, Doug Stephens, is joined by 14 global authorities and thought leaders, from fashion and retail executives to futurists and academics, in this second series of Retail Reborn. Guests will share insights on the changing consumer lifestyles and expectations shaping the retail ecosystem, discussing generational expectations as shaped by the pandemic, climate crisis and economic downturns, as well as examining where, how and what next-gen consumers will buy.
Retail Reborn Season 2 launches on 28th March 2022. Subscribe now to never miss an episode.
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“Everywhere I've been, I have had to get comfortable with being a bit of an outsider, which often means the decisions I come to — are different to the normal consensus,” said Kingori. “It's OK to be intuitive. It's actually great to lean into your differences rather than try to push to assimilate too much.”
Discover leadership opportunities on BoF Careers across more than 300 of the fashion industry’s leading brands, businesses, retailers and media companies.
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These evolving expectations are having a profound impact on how leaders have to run their businesses. At BoF VOICES 2021, Kevin J. Delaney, co-founder and CEO of media and Charter and former editor-in-chief of Quartz, examined the qualities leaders need to assimilate today.
On this week’s episode of The BoF Podcast, Delaney says: “One question I hear often from leaders is how do they find the right balance between a focus on operational performance of their business and these new expectations of their employees?”
Explore employment opportunities across more than 350 businesses on BoF Careers,The Global Marketplace for Fashion Talent.
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“The way we make and use things accounts for 45 percent of greenhouse gases and 90 percent of biodiversity loss,” said Dame Ellen MacArthur at BoF VOICES 2021.
In this conversation with BoF’s Sarah Kent, MacArthur lays out a vision for an alternate “circular” economy where the lifecycle of garments is extended through better design, including the use of more resilient, recyclable materials, and using systems throughout the manufacturing and sales process to facilitate items’ repair, reuse, and eventual transformation into something new.
But this kind of systemic change will require a collective and coordinated push from suppliers, designers, brands and retailers across fashion’s value chain.
“We need to work together to make this happen. You need the entire value chain in the room,” said MacArthur, adding that though such comprehensive change is a challenge, it's also an opportunity. Circular business models, including resale and rental, are on track to become a $700 billion market representing 23 percent of the fashion industry by 2030.
“Business as usual doesn't work,” said MacArthur. “It's not the solution.”
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“We are moving through a decade in which we are proactively looking for the businesses, the brands, the products, the goods and the services that will help us on our journey to become healthier, wealthier and happier,” said Sanderson.
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Designers Jack McCollough and Lazaro Hernandez speak to BoF’s Lauren Sherman about their journey from one-time fashion wunderkinds to seasoned entrepreneurs, navigating a series of ups and downs.
Fresh out of fashion school — armed with approval from then Barneys New York fashion director Julie Gilhart, who bought their Parsons senior thesis collection in 2002, and Vogue editor-in-chief Anna Wintour, who helped them stage their first show in 2003 — Proenza Schouler designers Jack McCollough and Lazaro Hernandez followed early 2000s American fashion’s script for success. They took investment quickly, produced buzzy runway shows and an ‘it’ item in the form of the PS1 bag, and began launching new categories and distribution deals — but struggled to achieve sustained commercial success.
“By 2018, the board of directors was quite large and in charge and we weren’t. That’s when, I guess, shit hit the fan,” said Hernandez.
So, 15 years after its 2002 launch and on the brink of bankruptcy, McCollough and Hernandez bought Proenza Schouler back from private equity firm Castanea Partners, installed fashion turnaround veteran Kay Hong as chief executive, and positioned the brand for growth in 2020, just before the pandemic hit. It appears their strategy is working: Proenza Schouler broke even in 2021 and is on a path to profitability in 2022.
On the latest episode of The BoF Podcast, McCullough and Hernandez join BoF’s chief correspondent Lauren Sherman following her feature, “The Nine Lives of Proenza Schouler,” to chat about their experience so far — and the brand’s next chapter.
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One of the planet’s oldest lifeforms was the centrepiece of some of last year’s biggest stories in material innovation in fashion. But beyond fungi’s potential for shaping the future of materials, its ability to build things and create networks can provoke our imaginations and make us question the way we organise our lives, according to Merlin Sheldrake, biologist and author of “Entangled Life: How Fungi Make Our Worlds, Change Our Minds and Shape Our Futures.”
Download our latest Case Study: ‘Fashion’s Race for New Materials’ here
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At BoF VOICES 2021, Jay Shetty spoke about how his experiences as a monk taught him not only how to find purpose, but how to live with it.
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Up until a week ago, Jonathan Anderson was set to show his J.W. Anderson show in Milan, but Omicron has put paid to that, and Jonathan had to quickly change his plans and instead film a presentation at the Scala in Kings Cross London. BoF's editor at large, Tim Blanks, sat down with Jonathan to discuss his responses to the challenges presented by the pandemic. Jonathan has done everything from a show in a box to a show on a wall, and this time he has continued his optimism and enthusiasm in the face of the pandemic.
Read Tim Blanks' full article here.
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Dame Vivian Hunt is one of the most important voices in British business. During her talk at VOICES 2021, she made the case for stakeholder capitalism.
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We often think of hype as the antithesis of timelessness, especially in fashion. Chunky dad sneakers and sweatshirts emblazoned with logos, versus little black dresses and classic tailoring. But how can one brand straddle both?
At BoF VOICES 2021, CEO of Balenciaga Cédric Charbit, discusses the brand's business vision, and how a soon-to-be 103 year old luxury house continues to shape the discourse.
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"Everybody is born into a script they didn’t write for themselves. But activists defy that script to rewrite the narrative, non-binary activist, storyteller and former international ambassador for Black Lives Matter, Janaya Future Khan, said in a powerful talk that wove together theory with raw personal experiences, including a racist encounter on a plane.
Khan was careful to differentiate real activism that drives change from the crescendo of surface-level proclamations, from individuals and brands alike, that have filled social media in recent years.
“If we’re talking about what the work of activism really is, it’s about seeing the world as it is, not as we’re told,” they said. “Our job is to imagine change and make it true.”
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The last time Kim Jones showed in his hometown was 2003, the year after he graduated from Central Saint Martins. London didn’t really host many menswear presentations in those days. Besides, Kim already had his eye on the bigger picture, so he hightailed to Paris. His homecoming on Thursday, with the launch of his Pre-Fall 2022 collection for Dior Men at the Olympia Exhibition Centre, was, in one way, an appropriately spectacular reflection of everything that’s happened to him since. But it also illuminated the way Jones has managed to weave his own story into the brands — from Dunhill through Louis Vuitton to Dior and Fendi — that he has shaped.
His latest Dior collection is infused with the spirit of the Beat Generation, especially Jack Kerouac and his watershed On the Road. Over the past few years, Jones has been building an extraordinary library of rare books and literary ephemera, and Kerouac features strongly. This boho prince might seem unlikely in the context of a French couture house, but Kerouac was writing while Christian Dior was still working. And the rebel spirit of the Beats inspired the Left Bank of Paris, which sparked Yves Saint Laurent who succeeded Dior at the house. So, it wasn’t so tricky for Jones to winkle out a connection. His ability to do so reminds me of Karl Lagerfeld’s knack for joining the dots between eras, people and places.
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Vestiaire Collective is one of the leaders in the fast-growing fashion resale segment. Earlier this year, in its latest round of funding, the luxury resale platform achieved a valuation of $1.7 billion.
Max Bittner, Vestiaire Collective’s CEO, attributes this success to a number of factors, including ease of transactions, pandemic-driven closet clean-outs and shifting consumer values. But he also acknowledges the challenges that lie ahead as Vestiaire Collective scales, particularly when it comes to verifying the authenticity of products in the face of ever-more sophisticated counterfeits.
Bittner’s insights are featured in the fifth episode of The BoF Show, now streaming on Bloomberg Quicktake.
Here, we share the full interview with Bittner, exclusively on The BoF Podcast.
Watch the fifth episode of The BoF Show, “Resale: Inside the $130 Billion Secondhand Fashion Market”
Explore the new report from BoF Insights, “The Future of Fashion Resale” here.
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The CEO of the online peer-to-peer marketplace believes the platform’s ability to connect people sets it apart from typical fashion e-commerce.
In June 2021, online marketplace Etsy announced plans to acquire Depop for $1.6 billion. The move was yet another sign of growing interest in the burgeoning fashion resale market, which according to BoF Insights, is now worth $130 billion globally.
CEO Maria Raga describes Depop as “combining elements from Instagram and eBay”. The platform is skewed towards lower-priced product exchange between younger traders, almost all of them 26 and under. Raga believes that it’s Depop’s community aspect — facilitating not just online transactions, but also person to person interactions — that attracts these all-important Gen-Z shoppers.
Raga’s insights are featured in the fifth episode of The BoF Show, now streaming on Bloomberg Quicktake.
Watch the fifth episode of The BoF Show here.
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Marjorie Hernandez and Karinna Nobbs are the co-founders of The Dematerialised — a Web 3.0 marketplace for authenticated virtual goods, which they describe as “the digital department store of your dreams.”
They’re part of a new wave of pioneering entrepreneurs challenging the luxury status quo and creating a new reality for fashion.
In the fourth episode of The BoF Show, now streaming on Bloomberg Quicktake, they share their thoughts on gaming culture and the metaverse — and explain why they believe virtual fashion will revolutionise the industry as we know it.
Here, we share the full interview, exclusively on The BoF Podcast.
Watch the fourth episode of The BoF Show, “Dematerialisation: Why the Metaverse Is Fashion’s Next Goldmine”
Explore the new report from BoF Insights, “The Opportunities in Digital Fashion and Avatars” here.
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Ledger’s Chief Experience Officer explains how — and when — fashion should tap into the NFT gold rush, as featured in the fourth episode of The BoF Show, now streaming on Bloomberg Quicktake.
Ian Rogers moved to Paris from Silicon Valley in 2015 when he was appointed Chief Digital Officer of LVMH, acting as a digital whisperer to C-suite luxury executives.
Today, as Chief Experience Officer of Ledger — a security system that provides protection for digital currencies — he is uniquely positioned to speak to the opportunities being created as crypto technologies, gaming and fashion converge.
His insights are featured in the fourth episode of The BoF Show, now streaming on Bloomberg Quicktake.
Here, we share the full interview with Rogers, exclusively on The BoF Podcast.
Explore the new report from BoF Insights, “The Opportunities in Digital Fashion and Avatars” here.
Watch episode 4, 'Why the Metaverse Is Fashion's Next Goldmine' here.
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Sinéad Burke refuses to be excluded, despite fashion’s poor record on welcoming people with disabilities.
In a wide-ranging interview, featured in the third episode of The BoF Show, Sinéad reminisces on her fashion journey — from calling out the industry for entrenched behaviours, at BoF VOICES in 2017; to advising luxury brands as Founder & CEO of consultancy “Tilt the Lens”.
Here, we share the full interview exclusively on The BoF Podcast.
Watch the third episode of The BoF Show, “Belonging: The Business Case for Diversity in Fashion”
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In 2020, Samira Nasr became Editor-in-Chief of Harper’s Bazaar, the first-ever woman of colour to hold the position in the magazine’s 154 year history.
The appointment, whilst joyful, also prompted tough reflection about racism and responsibility. How can a business based on exclusivity throw its doors open to all?
Nasr’s insights on what real inclusion looks like in fashion — and her hopes for the industry as it emerges from the pandemic — are featured in the third episode of The BoF Show, now streaming on Bloomberg QuickTake.
Here, we share the full interview with Nasr exclusively on The BoF Podcast.
Watch the episode three of The BoF Show, “Belonging: The Business Case for Diversity”
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“We’ve been expecting you…”
In Paris, everything is prepared for the return of big-spending tourists. Stores are open, mirrors shined, brand leaders bullish that the global capital city of luxury remains irresistible.
But when BoF founder and CEO, Imran Amed connects to Angelica Cheung in Beijing, she sounds a caution.
For 16 years, Angelica was Vogue China’s Editor-in-Chief. Today, she’s a venture partner at investment leader, Sequoia Capital China. She tells Imran that Chinese customers used to travel to Paris for choice — which they can now find at home; for price — yet prices are now balanced around the world; for “Made in France” — yet they’re increasingly proud of “Made in China”.
Her insights on what it’s going to take to lure the Chinese back to the City of Light are featured in the second episode of The BoF Show, now streaming on Bloomberg QuickTake.
Here, we share the full interview with Cheung exclusively on The BoF Podcast.
Watch the second episode of The BoF Show, “Re-Invention: How Fashion’s Megabrands Will Adapt to Post-Pandemic Customer Behaviour”
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Over the Transforming Luxury podcast series, as we discussed market dynamics, product strategies, customer experiences, emerging technologies, new retail channels and our imminent entry into the metaverse, the pressing need and increasing demand for systemic change to create a more sustainable industry was a consistent theme.
In this final episode of Transforming Luxury, a special six-episode series presented by Klarna, we confront the distinct uncertainty and disruption facing the luxury industry and us all, as a result of the climate crisis.
In 2020, BoF reported that the fashion industry’s greenhouse gas emissions range from an estimated 4 percent to 10 percent of the global total. Without significant intervention, the industry will not align with global goals to limit global warming to no more than 1.5 degrees Celsius. Failure to do so is predicted to have catastrophic consequences for civilisation, outlined in the UN’s IPCC report 2021.
However, if bold enough leadership is willing to reimagine how the industry operates, equipped with the deep pockets of market leaders and further enforcing the existing, rigorous quality controls already in place, luxury would be " uniquely positioned to transform itself,” as stated by SVP of supply chain innovation at the Savory Institute, Megan Meiklejohn.
To hear more about the role sustainability must play throughout the luxury goods industry, BoF gathered four global authorities to discuss how luxury can become more responsible with host Robin Mellery-Pratt.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury’s transformation will impact your business.
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For fashion aficionados of a certain age, the name “Thierry Mugler” throbs with memories of showgirl spectacles cast with extraordinary beauties and weirdos, garbed in looks of an other-worldly glamour. Such was their alien dazzle that there are times in this more prosaic era when I wonder if they ever really happened. Fortunately, there is now ample proof of their existence at the Musée des Arts Décoratifs in Paris, where Thierry Mugler: Couturissime is on display until April next year. It’s been on a world tour since it first opened in Montreal in 2019, but its homecoming was significant enough that Mugler sat down to talk about it, and everything else, for The BoF Podcast. And, being one of those fashion aficionados of a certain age, I was slightly awestruck.
Mugler turned his back on fashion at the millennium, reclaiming his first name Manfred and devoting himself to costume design for the likes of Cirque du Soleil. He dressed Beyoncé's 2009 world tour. But the only fashion outfit he has designed in the past two decades was the “wet look” dress Kim Kardashian wore to the Met Gala in 2019. It apparently took eight months to make. Mugler had never seen her TV show, but when she walked into the room — not a word to anyone else, never a smile or a handshake — he said, “It was love at first sight.” He saw her body as that of “the original female, an antique goddess.”
It’s clear what kind of woman has always attracted and inspired Mugler. In his fashion heyday, it was Iman and Jerry Hall who embodied his very particular aesthetic. “Fashion needs a great animal to wear it,” he told me. He photographed his clothes on those women, draped over the Art Deco eagles on the Chrysler Building in New York, posed against massive Saharan sand dunes and Arctic icebergs. They were dressed like superheroines but Mugler made them small against the monumental backdrops. “It looks like they’ve been dropped from another planet,” he says now. “That was the idea.”
He claimed he wanted to help people find something strong in themselves that they could bring into their real lives. That’s why he loved photographing the acrobats and circus people he worked with after his fashion life. And, talking to Mugler, I sensed that struck a chord for him too. Metamorphosis was always a theme. The natural world was an obsession. “When you look up close, the gorgeous creatures on our planet are so out of this world.” In his couture, he never used fur, or rare feathers, or exotic skins. “I don’t want to torture animals for that,” Mugler said.
That sensibility made him an outlier in fashion at the time. He was often criticised. Now, it simply looks like his radicalism was ahead of its time. Mugler embraced queer culture, showed men and women in exactly the same clothes, was open to experiment of all kinds. His queer peer Jean Paul Gaultier offered a similarly idiosyncratic humanist vision, couched in the most extreme style fashion could offer. Look back at their work now and I defy you to deny their status as totems of a golden age in fashion.
Obviously, Manfred and I had a very busy podcast. Reeling out of the exhibition, head spinning with extreme visions of accomplishment (memorably celebrated in a bizarre, funny Iman-Bowie video), I had questions. Hopefully, you’ll find the answers when you listen. But one thing that stood out was Mugler’s obsession with technique. He tracked it back to his early days, when his ambition was to be a ballet dancer. “I learned at the barre how you can do nothing without technique,” he said. And his greatest points of pride related to that: personally, the body he has built for himself; professionally, his perfume Angel, a battle he waged for years with fragrance industry orthodoxy. It’s still a global top-five seller. There is supreme vindication in that, as there is in Couturissimeand clothes which will boggle minds for centuries to come.
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The metaverse — a term originally coined by the author Neal Stephenson in his sci-fi novel ‘Snow Crash’ — is now widely used to describe how our physical realities will be augmented and overlaid by ambient and accessible digital experiences and services.
Luxury’s entrance into the metaverse was expedited by many brands’ leverage of new technologies to speak to consumers when lockdowns removed physical interactions in bricks-and-mortar stores and in-person events. But the impact of virtual and augmented reality on consumer behaviour preceded 2020: Forbes reported in 2019 that 40 percent of consumers were willing to spend more on a product they can experience through augmented reality technology first.
From stores that guide you from the street to luxury items designed exclusively for the smart glasses that every major tech platform is working on, the future of luxury is already here — it’s just not evenly distributed.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury’s transformation will impact your business.
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After the conclusion of Paris Fashion Week — the first in-person version of the event since the pandemic took hold in early 2020 — BoF’s editor at large Tim Blanks sat down with BoF founder and CEO Imran Amed to discuss his reflections on fashion’s return to the runway.
Designers appeared to come out of lockdown with renewed energy, breathing new life and ideas into their collections. Highlights included Jonathan Anderson’s Loewe collection, Extinction Rebellion’s talked-about moment during Louis Vuitton and the week’s finale, a tribute to the late Alber Elbaz.
Still, Blanks said that he doesn’t believe fashion has seen the full effects of the pandemic just yet. “I think in a sense everything changed and we haven’t processed it yet,” he said. “It’s going to take a long time.”
On the latest episode of The BoF Podcast, Amed and Blanks explore what fashion learned from its break.
Jonathan Anderson’s Loewe show leaned on the surreal to expand upon the designer’s previous pandemic-era collections and experimented with new themes. It also marked a departure from previous runway show set ups; this year’s show was staged in a bare-bones space that highlighted Anderson’s sculptural silhouettes. “Of all the designers that we’ve followed so closely, his response to the pandemic was perhaps the most creative,” said Blanks. “I think it was maybe his best show for Loewe.”
The Simpsons’ surprise appearance at Balenciaga also provided some levity to the week, with an abbreviated episode of the hit cartoon featuring characters walking in a Balenciaga show. Demna Gvasalia also explored themes of distance with a screening replacing a traditional runway show. Even without the Simpsons’ star power, Demna showed a collection that excited buyers and critics alike, particularly in bags and accessories.
Climate activist group Extinction Rebellion brought about what was perhaps the most talked-about moment of fashion week. During Louis Vuitton’s runway show, an activist stormed the runway carrying a banner that read “Overconsumption = Extinction”, prompting a discussion on if the industry has changed at all during the pandemic. “Maybe the system hasn’t changed, but the people who work in the system have been changed, and that’s maybe going to change the way the industry interacts,” said Amed.
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Today, the channels that consumers can now use to connect with brands to elicit a range of interactions have multiplied, dramatically. With major new platforms emerging all over the world, the retail networks utilised by luxury brands are evolving at an unprecedented pace to include a huge number of customer touch points — each a distinct opportunity for growth but requiring an idiosyncratic strategy for success.
Due to mobile-commerce and social-commerce, when, how and why a consumer transacts with a brand has been reimagined entirely. The linear paths to purchase with which we are so familiar are being replaced by new conduits that combine digital content with customer-centric retail strategies to make transacting as engaging, enjoyable and instantaneous as possible.
There is one region responsible for the lion’s share of retail innovation: China. The engine of the luxury industry’s growth for decades is now the epicentre of the most significant retail innovation in the market.
From buy now, to swipe up, unboxing to bounce houses, KOLs, KOCs, shoppable video, live streaming, digital clienteling, resale sites, marketplaces, macro and micro influencers — luxury’s retail channels have been reimagined at scale. Now, that innovation is beginning to shape global retail strategy.
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The revival of Balenciaga’s long-dormant couture collection was the most anticipated event of the July 2021 haute couture season, and the first since the house’s namesake, Cristóbal Balenciaga, shuttered his salon in 1968.
BoF’s founder and CEO Imran Amed was granted exclusive pre-show access and sat down with Gvasalia for a wide-ranging interview which is featured in the first episode of The BoF Show, now streaming on Bloomberg QuickTake.
Here, we share the full interview with Gvasalia exclusively on The BoF Podcast.
Watch the first episode of The BoF Show, “Disruption: Is Luxury Fashion ready to Change?”
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In recent decades, the race to attract and retain customers saw dizzying amounts of money spent on clienteling — the industry term for building a 1 on 1 relationship with customers. Today, for major players of scale with the resources to invest in it, successfully digitising personalised in store service, which generates much high conversion rates through recommendations and experience, is being looked to as a key driver of future competitive advantage.
Indeed, the luxury service revolution is now rooted in creating a single customer view, enabling businesses to guide an individual consumer to the products and services it offers that match their specific needs. An opportunity that stems from significant shifts in generational attitudes towards data sharing and its use.
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury’s transformation will impact your business.
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In recent decades, the race to attract and retain customers saw dizzying amounts of money spent on clienteling — the industry term for building a 1 on 1 relationship with customers. Today, for major players of scale with the resources to invest in it, successfully digitising personalised in store service, which generates much high conversion rates through recommendations and experience, is being looked to as a key driver of future competitive advantage.
Indeed, the luxury service revolution is now rooted in creating a single customer view, enabling businesses to guide an individual consumer to the products and services it offers that match their specific needs. An opportunity that stems from significant shifts in generational attitudes towards data sharing and its use.
To discover what this means for the future of the luxury goods industry, BoF spoke with three global authorities to share their insights.
Sebastian Siemiatkowski is the CEO and co-founder of Klarna. In 15 years, Siemiatkowski has grown Klarna into one of Europe’s largest financial institutions, which provides alternative payment services to over 90 million shoppers, partnering with over 250,000 retailers globally and its own direct-to-consumer shopping app.
“The whole purpose of digitalisation is utilising data to create value. It’s the information that allows us to create richer experiences. If you sit down and have a [...] conversation with a consumer and you say, ‘yes, you are in control of what data is being shared and you have full transparency, and if you then would be willing to share some specific aspects of your data in order to get a better experience, a better price, a better whatever it might be,’ then the answer is always going to be yes.”
Holli Rogers is chair of renowned concept store Browns and chief brand officer of its parent company, Farfetch. Rogers quadrupled Browns’ business while CEO between 2015 and 2021. Previously, Rogers held roles at Chanel and Neiman Marcus before joining Net-a-Porter as a founding member in 2002.
“In the past as everything has been separate and disparate in terms of the different technologies. When you speak to different businesses everyone talks about, ‘yeah, I’ve got a client telling app. We use WhatsApp.’ But actually if you break it down, none of them are connected one to the other. So you don’t get a single customer view. It’s this idea of how do you pull all of these pieces together in one space, collecting all of these hundreds of data points that allow you to give the customer what they want when they want.”
Melissa Morris is the founder and designer of Métier, an independent leather maison best known for its logo-free handbags, travel bags and accessories. Prior to launching Métier in 2017, Morris studied sculpture and business at Emory University before working for Armani, Helmut Lang and Belstaff.
“The bespoke aspect of our business is such a great way for us to deepen our relationships with our clients and also get a really clear understanding of what’s missing in the assortment and gives me a clear direction on what to make next. What I’ve found is when I’ve gotten one bespoke request, what’s good for one is good for everyone. So a lot of our bespoke requests that I’ve been brought into the line have turned out to be big successes.”
Follow the series to ensure you never miss an episode and discover actionable insights into the opportunities and challenges a redefined industry will bring and how luxury’s transformation will impact your business.
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When trend forecaster Li Edelkoort first published a manifesto called “Anti-Fashion” in 2015, people across the fashion industry told her that her critique had finally put how they felt into words.
“Fashion is old-fashioned,” said Edelkoort. But she believes the system can evolve to fit today’s reality and regain the cultural value it has lost over the years.
On the latest episode of The BoF Podcast, we revisit Edelkoort’s talk on the BoF VOICES stage in 2016. Her prescient ideas have only become more urgent and applicable in 2021 as the world emerges from a pandemic that forced the industry to further reevaluate its systems, values and place in society.
Fashion’s tendency towards individualism, which sees the industry place near-exclusive focus on the creator, doesn’t fit with today’s society, which is “hungry for consensus and altruism,” said Edelkoort. The problem stems in part from fashion schools, which, for the most part, have not updated their curriculum to reflect the current issues plaguing the industry.
The race to the bottom regarding prices is destroying fashion’s cultural value as well as harming garment workers. “How can a product that needs to be sewn, grown, harvested, combed, spun, knitted, cut and stitched, finished, printed, labeled, packaged and transported cost a couple of euros? It’s impossible,” said Edelkoort. As a starting point, she suggested implementing legislation on minimum prices.
The retail experience also needs to be reinvented to be more focused and better presented to consumers. Edelkoort points to Dover Street Market, whose curated approach sets it apart from traditional department stores. “Everything we do is from the 20th century. Even concept stores and online commerce were from the last moments of the 20th century,” said Edelkoort.
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In Episode 2 of Transforming Luxury, BoF’s new podcast presented by Klarna, we investigate what will inform the luxury product mix of the future.
Indeed, the definition of a luxury good has expanded dramatically in recent years to now include a host of disruptive new categories, from the luxury sneakerhead culture that dominated the past decade, to collectibles, curios, NFTs and even some mass produced products capturing attention in the luxury market.
Evolving consumer sentiment is also increasingly influencing luxury’s manufacturing process. Today, customers demand brands and businesses authentically represent global cultures in a way that serves the communities themselves and not the industry’s shareholders. They also hold brands accountable for the impact of their supply chains and production processes. Yet, workers’ rights was among the worst-performing categories in BoF’s Sustainability Index.
To discover what this means for the future of the luxury goods industry, BoF assembled four global authorities to share their insight.
Aaron Levant is an entrepreneur working at the intersection of fashion, culture, events and media. Levant co-founded streetwear and music festival ComplexCon, and streetwear trade show Agenda Today, Levant is CEO of NTWRK, a mobile-first video shopping platform — backed by Drake and LeBron James — that hosts events and exclusive, limited-edition product drops available to purchase immediately within its app.
“For the last hundred years, luxury was easily defined as European couture — fashion houses who own the luxury space — and now, seemingly newer brands not only create luxury in their own right, but then collaborate with true luxury brands. I think the definition around luxury is ever evolving as for who fits in that category.”
Zerina Akers is an American fashion stylist and costume designer. She is the founder of the self-funded e-commerce site Black Owned Everything and has worked as Beyoncé Knowles Carter‘s stylist, as well as costume designing the 2020 visual album, Black Is King, for which she won an Emmy in 2021.
“Generally, many of these companies have benefitted from rap culture and imagery that we’ve created for them. We’ve created so much marketing for these companies and I’m just hoping that there continues to be real, sustainable change for them in the way that they shine light on our community.”
Bethany Williams is a UK-based menswear designer with a focus on affecting social change. She founded her namesake label in 2017, won the Queen Elizabeth II Award in 2019 and the British Fashion Council and British Vogue Designer Fashion Fund in 2021.
“For me, luxury is about having a product that you don’t feel guilty owning. Luxury is about beautiful craftsmanship and the slowing down of the manufacturing process, working with artisans and supporting local community projects.”
Fewocious is the youngest artist ever to be featured by Christie’s — and the first to crash its site. He is one of the most successful and visible members of a growing community of crypto artists finding success in the NFT market, launching a shoe collaboration with design studio RTFKT earlier this year, with more than 600 pairs selling out in seven minutes and netting around $3.1 million.
“With the NFT space, art can move. You can interact with art. There’s programmable art, you can programme layers so that someone can change how your art looks [...]. There’s so much I probably don’t even know about yet, just because you can kind of do anything and figure out a way to attach an NFT to it, which I think is so rad and the future.”
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The world is in the middle of an information revolution, and it’s a situation, economist Carlota Perez says, we’ve been in before. Capitalism resets every few decades, and follows a familiar pattern: An investment frenzy boosts new technologies that change how people live and interact, but when that craze eventually collapses, it leaves behind social upheaval and resentment.
To stop that cycle, this time, Perez says on the latest episode of The BoF Podcast, we need to deliberately disassemble society’s most harmful systems and ingrained beliefs so that every country and every person is included in the sustainable future of the earth.
“We can shape the Information Revolution into a green golden age,” said Perez. She added that the fashion industry has a huge role to play, saying, “It’s up to you to reinvent what we understand by fashion… and it’s up to you to rethink, reinvent, redesign.”
That reinvention and redesigning means interrogating what wealth, well-being, and pleasure are — and untethering those ideas from physical things. Perez joined Imran Amed last year at VOICES, BoF’s annual gathering for big thinkers, to discuss what needs to happen to harness the information revolution to become more sustainable and inclusive.
To learn more about BoF VOICES 2021, to be held from Dec 1-3, 2021, please click here.
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Critic Robin Givhan, analyst Luca Solca, author Dana Thomas and Métier founder Melissa Morris discuss how luxury became a winners-take-all market and how growing consumer scrutiny is driving change.
BoF is investigating how market disruption, new technology and increasing consumer scrutiny are driving transformative change in the $300 billion luxury goods market, in an exclusive new podcast series presented by Klarna.
As the extraordinary events of 2020 — from the global pandemic, lockdowns and economic downturns to the accelerating climate crisis and social justice movements — impacted the luxury industry, scale-driven advantages widened the performance gap between the industry’s super winners and the rest of the market. In 2020, BoF reported that 75 percent of companies did not generate enough economic profit to cover the cost of their capital. Yet, the leading mega brands and conglomerates reported record sales.
However, a growing dissonance is emerging between luxury’s traditional values of scarcity and exclusivity, and the emergence of a more inclusive, egalitarian and sustainable global consumer culture, making the luxury industry vulnerable to shifting consumer sentiment. Today, businesses must respond to growing consumer scrutiny around the sociological and ecological impact of how they operate and what they produce.
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The modern, fast-paced fashion industry feeds a culture of waste that results in millions of tonnes of textiles burned or sent to landfill every year. Brands are acknowledging the problem, increasingly labelling products with buzzwords like “circular” and marketing bags made from recycled fishing nets or shoes crafted from plastic bottles. But the industry still needs to find scalable solutions to its waste problem.
This week on The BoF Podcast, chief correspondent Lauren Sherman speaks with chief executive of the Hong Kong Research Institute of Textiles and Apparel (HKRITA), Edwin Keh, about ways fashion can tackle the waste challenge.
Recycling innovations that could turn old clothes back into new materials are on the horizon. But alongside investments to scale up new technologies, fashion must rethink its approach to design, Keh said. “We make stuff, we use it and we want it to go away, and we take new material and we repeat that process,” says Keh. “But not built into that process is circularity and the design intent for it to be recycled.”
New recycling technologies must also have a compelling business case to be able to compete with established ways of doing business, says Keh. “If you solve the science problem and you don’t make the business case for it or you don’t create the logistics for it, then you have sort of like a half-baked solution that makes you feel good, works well in the lab, but doesn’t have a real-world application.”
The fashion industry also needs to get smarter about data analytics to understand consumer trends and manage production accordingly, Keh says. “There’s a lot of opportunity to work on more intelligent ways to do analytics and… not to make [overproduction mistakes] in the first place,” he adds.
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The Transforming Luxury Podcast launches on 13th September. Subscribe now to never miss an episode.
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American stylist and fashion designer Misa Hylton rose to prominence in the ‘90s for her work with hip-hop and R&B legends such as Lil’ Kim and Mary J. Blige. She played a major role in bridging fashion and hip-hop. But in the past, Hylton didn’t received due credit for her lasting impact on fashion trends — and even contributing to the financial success of select fashion companies — according to BoF columnist Jason Campbell. This week on The BoF Podcast, Campbell is joined by Hylton and Nick Nelson, an adjunct professor at The New School who teaches a course on fashion styling, to discuss Hylton’s life and work, as well as the enduring significance of hip-hop culture in fashion.
Hylton’s family emphasised traditional academic subjects, like science and math, during her childhood. Style was a way for her to channel her more creative side; she changed up to five times a day based on her mood at the moment. “That was the first place that I got to work with image … the energy would change, and I’m like, ‘OK, time to change my clothes — wardrobe change,’” says Hylton.
In styling, Hylton ditched the ball gowns to dress her clients in looks that were true to who they were, increasing representation for a group that had been left out of pop-culture conversations. “So many young girls related to it in the inner city and in the hoods. And it was really powerful because of that, because we were now able to see ourselves and see our style in the forefront on TV,” says Hylton.
When the looks Hylton styled for the likes of Blige and Lil’ Kim gained popularity, brands quickly followed, replicating them for the mainstream and leaving Hylton, and the other originators out. “I was not ever asked until recently to come into any luxury fashion house and create, or any photo shoot that was in a high end fashion magazine,” she says. “I wasn’t invited to style it, but our style was being emulated.” Nelson adds that “to know the history was behind that ... is incredibly important for this new generation of creators.”
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A panel of experts discussed strategies for making physical retail a strong service touchpoint that builds brand loyalty.
Shopping is evolving. Consumers now experience brands across channels: they may be introduced to a brand on social media, try on its products at a store, and then make a purchase online. Or, they may browse online and then pick-up an item in-person. For retailers, that means a sale can happen anywhere, at any time.
This week on The BoF Podcast, our retail correspondent Cathaleen Chen is joined by Adam Levene, founder of digital customer service platform Hero; Elyse Walker, boutique and concept store owner; and Dan Schoening, Nordstrom’s vice president of business strategy and operations to discuss how retailers can service customers in a way that creates a seamless, individualised experience across retail channels.
Beyond conversions, a strong digital strategy can serve as a way to get customers into a store and foster further engagement, according to Levene. “It’s all about giving that customer that comfort, and that desire and reason to actually head into store, having that confidence knowing the item will be there, it’s going to be in their size, and they can be greeted by the stylists they connected with online,” says Levene.
Convenience can actually drive business efficiency. Nordstrom links inventory across all markets, so that “customers have access to all that product, way more choice, and way more control around how they get it,” says Schoening. Then, the company provides easy access points for pick-up and returns, which, in turn, allows Nordstrom to get merchandise back into its ecosystem to sell again.
Building a lasting relationship with customers is essential to success. To do so, retailers should have store associates focus on building trust with kindness and authenticity. “If you pressure your sales team to hit certain numbers and it’s not authentic and it’s not organic, you might have a good day, but that hurts the long-term potential of your business,” says Walker.
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Olivier Rousteing was named Balmain’s creative director ten years ago, when he was still only in his mid-twenties. But Rousteing — who was adopted as a child and grew up believing he was of mixed-race parentage — says he always felt like he was performing a role to fit in amongst the French fashion elite. Recently, he decided to try and find his birth parents to give him a greater understanding of his identity, and allowed a documentary crew to film the process. In the process, Rousteing discovered his Somalian and Ethiopian heritage. The resulting film, “Wonder Boy,” came out last year, and arrived on Netflix in June.
The experience has made him want to be more open about his identity. “You knew the designer for many years and now you are going to know the human being behind that,” he says.
This week on The BoF Podcast, BoF’s editor-at-large Tim Blanks speaks with Rousteing about connecting with his personal history, the power of community and why timelessness in fashion is vital today.
Rousteing said he hopes his personal journey will help provide inspiration for young creatives from diverse backgrounds hoping to make it in fashion. “I think I am the new France,” says Rousteing. “I think this is the message that I am delivering to people… This is my mission to give some hope in breaking boundaries.”
In his decade at the helm, Rousting has brought a new approach to Balmain’s customers, too. “What I wanted to do during this decade is to make sure that there was awareness of the brand,” said Rousteing. “So, my first step was to create a strong community of people listening to the name of Balmain.”
The pandemic has made Rousteing rethink his approach to design. “I think what is trendy is not cool anymore,” said Rousteing. “You want to buy values and you want to buy timeless [products] and you want to feel that what you get is something that will stay in time.”
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The fashion industry is one of the world’s worst polluters, and this week’s grim report from the UN’s IPCC made clear that change needs to come quickly.
This week, the United Nations’ Intergovernmental Panel on Climate Change released a new report from the world’s top climate scientists, warning that global temperatures will rise 1.5 degrees Celsius by 2040 and underscoring that human influence is “unequivocally” responsible for global warming since the late 19th century.
The fashion industry’s greenhouse gas emissions are estimated to be between 4 and 10 percent of the global total. “In the last two years, many of the industry’s biggest brands have taken steps to address emissions within their own supply chains,” says BoF deputy editor Brian Baskin. “It can be hard to tell how effective the industry’s efforts have been and what else needs to be done to address climate change.”
On this week’s BoF Podcast, Baskin is joined by Michael Sadowski, a sustainability advisor and former vice president of sustainability at Nike; Laila Petrie, chief executive of sustainability consultancy 2050, which works with the Fashion Pact; and Hannah Phang, head of marketing and advocacy at sustainability consultancy Futerra to unpack fashion’s role in slowing global warming.
Real action on emissions will require collaboration across the industry and cooperation with investors, financial institutions and policymakers. “Fundamentally, this is a problem which no individual company can solve on its own,” says Petrie. “We have all sorts of intractable issues around infrastructure, around incentives, around policy and no one actor can really operate within that system without being affected by it.”
The industry often offers carbon offsets as a climate change solution. But according to Sadowski, planting a tree or donating a dollar is not a path to achieving meaningful change. “The focus should be on reducing emissions. That’s what the science says, that’s what the NGOs work in the science-based target initiatives [say] — we must decarbonise all sectors, at a much more ambitious pace,” says Sadowski.
A brand’s messaging about sustainability is important, too. Providing accessible information on progress — and missteps — goes a long way. Beyond just being honest, “the other thing that consumers are interested in is: how are you helping them be more sustainable? How are you helping them be more climate friendly?” says Phang.
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Retail futurist Doug Stephens is joined by a panel of experts to tackle the tricky business of collecting, understanding and using data to improve retail.
In retail, data can be a powerful tool to help brands understand their customers and how they engage with products. But just as retail itself has changed dramatically over the past few years, so have a retailer’s most important metrics of success — it’s no longer just about sales. As highlighted in the BoF Professional Summit: What’s a Store For?, it’s not sufficient for retailers to solely measure variables related to purchase — such as sales per square foot, or average footfall. But while there is no shortage of data that retailers can capture (and hundreds of ways to do it), not all data is worth paying attention to. Knowing what data is worth paying attention to can be tricky.
“Simply because you can measure something, doesn’t necessarily mean that you should or it doesn’t necessarily make it important,” said Doug Stephens, retail futurist and BoF columnist.
This week on the BoF Podcast, Stephens is joined by Brittany Hicks and Jessica Couch of Fayetteville Road, a consulting firm which helps retailers understand niche markets and women of colour, as well as Alexei Agratchev, co-founder and chief executive of in-store analytics firm RetailNext to discuss how retailers should be using retail data.
Retailers have access to an overwhelming amount of information: what percentage of passersby enter a store, how much time those visitors spend inside, what merchandise they interact with and how many times they return to the space, as well as demographic details like age and gender. “The most important thing that stores can do to be great is to constantly invest in tools and processes to listen and respond to their customers,” said Agratchev.
Retailers need to be agile and translate the information they gather into actionable strategies for trying out new formats, layouts and sales associate engagement tactics. “It’s not not just a matter of implementing the technology to gather data but potentially using it as a means of experimentation and testing as well,” said Stephens.
Couch says retailers also need to dig deeper to understand some of the more complicated attributes about their consumers, like where they come from, what communities they belong to, and what their sentiments are about the brand. “There is a disconnect,” said Couch. “A lot of brands don’t understand how people feel about their products or experience.”
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Marni’s creative director reflects on the changes that must endure post-pandemic and the importance of emotion.
In retrospect, Francesco Risso’s January 2020 menswear show for Marni seems prophetic. The collection took inspiration from Edgar Allen Poe’s “The Masque of the Red Death,” which tells a story of plague and societal excess. These themes continue to resonate with the designer after 16 months living with the pandemic.
On this week’s episode of the BoF Podcast, Risso tells BoF’s editor-at-large Tim Blanks why fashion’s habits of over-production and lavish runways are now “redundant” and where he believes the industry should go from here.
Risso has always looked back at brand archives for inspiration, but now he sees an opportunity to extend that habit to create more timeless designs. “Every season we take stuff from the old archives… and it’s become Marni’s prerogative, so every collection we have those heirlooms,” says Risso. “I’m very a big fan of trying to be responsible with design in that sense.”
Risso reflects on the importance of simplicity. Refocusing on creating connections and celebrating the small things over the past year has been a key focus at Marni. “I think it really forced us to focus on the authenticity of our ideas and also to celebrate them at a certain point… we [celebrated] in a very light and primitive kind of way,” he says.
Changes to runway shows during the pandemic must not be overturned, according to Risso, who calls for more permanent change to the industry’s schedule by reducing the number of collections in a year. “I would love that whatever we have learnt right now is not just thrown off,” says Risso.
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Ssense’s Krishna Nikhil and 2PM’s Web Smith talk strategies for making physical retail exciting at The BoF Professional Summit: What’s a Store For?
The role of physical retail has changed drastically over the past few years — particularly amid the pandemic — as customers turned to digital channels and brands sharpened their focus on e-commerce. But, physical stores remain an important touchpoint. During this month’s BoF Professional Summit “What’s a Store For?” Krishna Nikhil, chief merchandising officer & chief marketing officer of Ssense, and Web Smith, founder of 2PM, unpacked the different ways brands are transforming their stores to be more than just a place to conduct transactions. That means thinking about a physical retail space as a means to provide experiences and entertainment that are relevant to their audiences and continue to prioritise service.
“It’s so important to think about how you create something that is meaningful for the customer,” says Nikhil. “For us, that really started with this idea of ‘how do we reinvent how commerce takes place in the store?’”
Nikhil and Web Smith, founder of retail media company 2PM, join BoF’s founder and editor-in-chief Imran Amed for a discussion about making stores a grounds for immersive experiences without diluting their purpose of obtaining customers.
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BoF’s Tim Blanks speaks with one half of the renowned duo Mert and Marcus about finding new creative avenues.
Renowned fashion photographer Mert Alas — one half of the renowned duo Mert and Marcus — has spent the last four years immersed in the world of gin. While pandemic pivots to new creative ventures have become commonplace, Alas was looking for a new creative outlet long before the current crisis. In crafting his new aromatic gin — named Seventy One after the number of nights it takes to rest the spirit in oak casks — he found many parallels with fashion’s creative challenges. Just like in fashion, gin making has suffered from a focus on speed over quality. True craft requires patience and time, Alas says.
On this week’s BoF Podcast, Alas speaks with Tim Blanks about finding new creative avenues and resisting the pressure to produce more and more and more stuff.
Alas approached his new gin like any other creative project as a “relentless journey for perfection.” He immersed himself in the process, learning about every step, from the drink’s perfume basis to how many days were required to settle the alcohol. “It became this like a domino effect of ideas and in reality, an experience,” he says.
As Alas thought about how he wanted to position his new brand, he spent a lot of time reflecting on the “selfish” nature of the fashion industry. During lockdown, he wanted to create “some kind of an artistic give back,” using Instagram to connect with young creative followers and give them feedback.
Creatives should hold on to the time they had during the pandemic to focus on their craft, Alas says. “I was very much on a go, go, go [mentality] for the past 30 years… What I realised [during] the pandemic was that we also never stopped... I was doing a lot of quantity, but now I realise I missed craft.”
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Andrew Keith, managing director of Selfridges, discusses the future of the British department store at The BoF Professional Summit: What’s a Store For?
The purpose of the store has shifted dramatically in the past few years. But while other department stores struggle to keep up with these changes, Selfridges has established itself as an outlier by doubling down on its physical retail strategy, as highlighted in BoF’s newest Case Study, “Can Selfridges Future-Proof the Department Store?” The British chain has transformed its storefronts into experiential hubs, decked out with pop-ups, restaurants, art installations and even a skateboarding bowl, to try to get as many consumers as possible to spend as much time as possible within store walls.
“What we’re creating within the Selfridges stores is a destination,” said Andrew Keith, managing director of Selfridges.”It’s about being able to create a space people want to go to for the day.”
On this week’s BoF Podcast, Keith joins BoF’s Imran Amed at Selfridges’ Oxford Street flagship during The BoF Professional Summit “What’s a Store For?” The two chat about how the pandemic has affected the retailer’s face-to-face focus, how the company — rumoured to be in discussions about a £4 billion ($5.6 billion) sale to an unknown buyer — is shoring up its e-commerce channels and what he sees for the fused future of digital and physical retail.
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When the Covid-19 crisis struck, Karen Walker — known for her offbeat designs that have been worn by the likes of Meghan Markle and Michelle Obama, and carried by retailers such as Barneys and Harvey Nichols — found that she was propelled to shift the way she thought about her business, her mission as a designer and her community. Walker’s home country, New Zealand, battled the Covid-19 pandemic with a swift hand — its citizens saw only five weeks of lockdowns before the virus disappeared from within its borders. Despite the relative brevity of the country’s lockdowns, business owners and brands were still faced with the same existential crises and questions as the rest of the world. Now that people within the country have returned to something close to normal life (just without tourists), Walker notes several shifts in attitude: people want to treat themselves, but they also want to support the nation and local businesses that supported them. More generally, consumers have come out of lockdown more interested in buying products aligned with what they stand for.
On this week’s BoF Podcast, Walker joins Tim Blanks in a conversation about dealing with change, defining desire and life on the other side of the Covid crisis.
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British Vogue’s editorial transformation over the past four years has been widely documented, but changes on the business side are equally noteworthy. Vanessa Kingori, British Vogue’s first female publisher (who works alongside editor-in-chief Edward Enninful), has taken more of a consultative role with advertising clients, focusing on the health of their brands, not just reach and impressions. Today, brands are more interested in how they can create human connections and innovate through Vogue’s channels, rather than just buying space on the printed page.
On the latest edition of The BoF Podcast, Kingori talks with BoF’s Imran Amed about the publication’s new business strategy, and how it ties in with the magazine’s focus on diversity, inclusion and sustainability.
Cover launches still matter, but Kingori and Enninful are focusing on reflecting the multifaceted lives of their readers. With that, has come a change in how the magazine highlights and thinks about women. “The big shift here is [Edward] is taking the magazine from being about these beautiful dresses, to being about the woman in the dress,” said Kingori. “She wants beautiful things, but she also has a lifestyle. She has a career. She has other aspirations, she wants to accessorise a dress.”
Though everyone seems to be ringing the alarm bells, according to Kingori, print is not dead. “There is no digital marketing that you could do that would be more effective. Our print magazine is our biggest marketing tool, and our social media platforms are our biggest agents,” she said.
The title hasn’t shied away from making brands feel uncomfortable by bringing up societal issues, and it’s actually been of commercial benefit to British Vogue. “The reality is, we have increased our sales revenue and our digital audience in every single way, in every single metric since we started. Audiences are ready for those difficult conversations,” said Kingori.
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The Milan-based, American designer speaks with Tim Blanks about how he plans to introducing the cult brand’s enduring values to a new global audience.
When Lawrence Steele was named creative director at Aspesi in November, it was a home-coming of sorts. The American designer consulted for the Milan-based label for 13 years before departing in March 2017 to join Marni as associate creative director. Now, he’s been tasked with introducing the cult label founded in 1969 by Alberto Aspesi to a new global audience, while remaining true to its distinctive identity and ethos which Steele says are suited for this moment of reflection and reset.
On this week’s episode of The BoF Podcast, Lawrence Steele speaks with editor-at-large Tim Blanks as he debuts his first collection for Aspesi:
Steele is looking to technology to help Aspesi get big international traction, while retaining its niche insider vibe. The brand debuted on WeChat and Weibo in April, and expects to launch on Tmall in September. “I think today with the world, how it’s opened up so vastly through technology, there’s something quaint about [Aspesi] being a small brand, but there’s something very exciting about taking the values of the brand out into the world.”
When it comes to fashion, retaining an authentic brand identity can’t mean standing still; it’s a constant balance to honour traditions and remain relevant. “It’s very easy if you step back and you think about the long run to see what lasts and to gauge what’s happening,” said Steele. “But you have to have the culture of being able to look at it from above and not being caught up in the world of what fashion really is, which is change, because fashion by nature is change, it’s the fashion of the moment.”
Steele sees the pandemic as an opportunity to reset the fashion industry and do away with wasteful season cycles and excessive production. “My hope is that what we draw from this is that we have found other creative ways of communicating, of reaching each other, of creating through the technology that was around us all along.”
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The Valentino creative director and London menswear designer discuss their process reimagining the Roman brand’s signature rockstud.
The Valentino rockstud has become a brand icon. To mark its tenth anniversary, creative director Pierpaolo Piccioli teamed up with British menswear designer Craig Green to create a sneaker adorned with the Valentino symbol. It was a collaboration forged over Zoom during the pandemic, with Piccioli based in Rome and Green in East London. On this week’s episode of The BoF Podcast, editor-at-large Tim Blanks speaks with Piccioli and Green about creative collaboration and reimagining design icons.
When collaborating, designers’ differences can often offer the best source of creative inspiration, says Green. “A collaboration works best when it’s from two separate worlds coming together and seeing what can be born out of that.”
Shifting meaning while upholding tradition has been Piccioli’s mantra. The new sneaker aims to honour Valentino’s heritage and traditions, but also find the power in reinterpreting an established symbol. “I want to use the same objects, the same signs, but I want to give them a different meaning,” says Piccioli.
Above all, collaboration is an education. “I think with every collaboration and with every person that you work with, especially working with someone like Pierpaolo, you learn a lot,” says Green. “You kind of inevitably change in the future what you plan to do.”
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Jane Clay, strategic director at workplace design consultancy Gensler talks to BoF’s Imran Amed about how offices of the future will play a critical role in creating a sense of culture, community and belonging.
Almost overnight, the pandemic fundamentally altered the way we work, forcing both employers and employees to embrace the idea of working from home. But now, as vaccination rates rise, offices re-open and employee expectations around flexible working models grow, business leaders everywhere are asking the same question: what’s the role of an office in a post-Covid world?
This week on the BoF Podcast, Jane Clay, strategic director at workplace design consultancy Gensler, joins editor-in-chief Imran Amed to discuss why offices are more than just functional workplaces. Office spaces are crucial for young employees to benefit from mentoring and guidance through shadowing their more experienced colleagues. “If you have a lot of people in your organisation who are quite young and may need a lot of mentoring and a lot of looking after, in the sense of their growth and learning, then it might not be such a great idea to not have them around you [in an office],” said Clay.
Clay recommends taking a more holistic view, establishing how shared spaces can creating a sense of culture, community and belonging. “Whether you are in fashion, whether you are in art and design, whether you are in fintech, and actually whether you are legal, I think no matter what arena of work you are in the office will be that totem for culture and connection.”
As organisation leaders plan to redesign their office, Clay said sustainability must be factored into decision-making from the start. “There is something in the idea of how do we reposition real estate? Why build something new when you can reposition something old?” she said. “There is a relevance in the old that also has a great story when it comes to sustainability.”
While Zoom calls have been democratising during the pandemic, the gradual return to the office in a hybrid working model is likely to create challenges. “While we have all been in our own little boxes [on Zoom calls], we have all had the same experience, but as soon as you start to have some in and some out [of offices] we have to be very mindful,” Clay said. “This means communications and behavioural protocols really have to be looked at.”
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The highly respected talent agent talks to BoF’s Tim Blanks about how young creatives can develop their careers and have meaningful impact.
CLM is one of the most influential management agencies in the industry. But after 35 years representing the likes of Juergen Teller and Tim Walker, last year’s upheaval reminded Camilla Lowther of how she got started: working at a small agency and building new networks. This year, she launched Fire, a creative talent agency focused on the new generation of talent.
This week on The BoF Podcast, Lowther and editor-at-large Tim Blanks discuss opportunities to learn from and with young generations and why being true to yourself is still fundamental to a successful career as a creative.
“Believe in what you do. Don’t try and do what you think other people want you to do, because, you know, the truth is really important. Even if it takes longer to get there, if you really believe in it, then other people will believe in it,” says Lowther.
Creativity is best served when you’re open to sharing and learning, whatever stage of your career you’re at. “I think the one thing that’s really important for all of us who’ve been in the business for possibly a long time is to impart our knowledge and our narrative to [young people],” says Lowther. “And then then it’s up to them to take what they want to and also to teach us something new.”
Lowther reflects on how persistence is an important quality in anyone starting out in their career and how remaining true to your vision is critical. “Don’t try and do what you think other people want,” she says. “Even if it takes longer to get there, if you really believe in it, then other people will believe in it.”
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Creative director Angela Missoni reflects on life beyond Missoni as she steps down after 24 years in the role.
Angela Missoni is stepping back from her role as creative director of Missoni. While she’ll stay on as president, the company will now be led by chief executive Livio Proli, who was appointed after the brand took on private equity funding from FSI Mid-Market Growth Equity Fund in 2018.
This week on The BoF Podcast, Angela reflects on the family heritage and craftsmanship that still sit at the Italian luxury brand’s core in conversation with editor-at-large Tim Blanks.
At its heart, Missoni has been a family business, drawing on the creative flare of three generations. “I think my parents invented a style,” said Missoni. “They invented a new language in fashion and then I think in the past 25 years I was able to expand the lexicon of this language.”
The brand’s signature stripes are partly the result of technological limits when Missoni’s parents began creating knitwear; stripes were the only thing the machine they had could knit. “Missoni evolved through the evolution of technology, but the hand was always more relevant,” said Missoni. “People were asking my father if he designed on a computer. No, my father was designing on a little square of white paper.”
The brand is well placed to move forward as Missoni steps back, the creative director said. “I will always give my support, [but] I’m confident in leaving the collections in the hands of my team… [Missoni is] perfectly fit to go forward in this moment.”
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The market for digital collectibles is booming, but does it present a real opportunity for brands, or is it just a passing fad?
When a shoe collaboration between design studio RTFKT and digital artist Fewocious netted around $3.1 million earlier this year, the fashion world sat up and paid attention. More than 600 pairs sold out in seven minutes. The shoes were issued as non-fungible tokens, or NFTs, unique digital assets authenticated by a digital ledger known as a blockchain. With appetites for unique virtual assets surging, more fashion companies are looking at how they can tap the market; even Rimowa is launching NFTs. But is this a long-term opportunity or just a passing fad?In the latest episode of The BoF Podcast, deputy editor Brian Baskin speaks with Benoit Pagotto, co-founder of RTFKT, Karinna Nobbs, co-CEO of NFT marketplace The Dematerialised, Amber Slooten, co-founder and creative director of digital fashion house The Fabricant and editorial associate M.C. Nanda about ways fashion can tap into the NFT gold rush.
Virtual fashion isn’t just about gaming anymore, and that could open up a whole new marketplace for digital skins and on-trend avatars. “Within this new NFT space, people are starting to see the value of digital items,” said Slooten.”You’re able to sort of create that new, endless way of expressing yourself.”
The fashion industry has yet to fully tap into the NFT opportunity, and doing so will mean becoming more open to collaborations. “Nobody [is] sharing anything with each other [in fashion] because they’re afraid it’s going to get stolen,” said Slooten.
Proponents of NFTs say the recent boom is no flash in the pan, but a mark of a paradigm shift. “This is fundamentally going to change digital ownership, creative structures, the creative economy, how we view money even,” said Nobbs. “This is bigger than the Internet.”
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The inspirational speaker and author speaks with Imran Amed about the opportunity for fashion businesses to reset and refocus after the pandemic is behind us.
The upheavals of the last year laid bare long-standing problems with the way the fashion industry operates, but it’s also created opportunities for change and innovation. Business leaders should reflect, reset and rebuild with a focus on their core values and goals, inspirational speaker and author Simon Sinek tells BoF’s founder and editor-in-chief Imran Amed, on this week’s episode of The BoF Podcast.
Sinek has written multiple books on the importance of looking beyond “how” and “what” when making business decisions. “Having a sense of why is very grounding; it’s literally a foundation,” said Sinek. “Every single person has their own unique ‘why’… and the rest of our lives offers opportunities to make decisions to stay in balance with that purpose.”
As businesses look to a post-pandemic future, they have an opportunity to use the challenges of the last year to reassess and refocus on the values they started with, which often fall by the wayside as businesses scale. “You know you can tell when an organisation loses its way because it becomes obsessed with output… and they lose [the] sense of their own values and if you’re an employee or customer you can feel it,” Sinek said.
Leaders are not the only ones who can drive change. “There is no such thing as unicorns and rainbows everyday [at work,] sometimes it’s hard,” said Sinek. “[But] every single one of us has the capacity to be the leader we wish we had.”
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Fashion brands are upping marketing rhetoric and imagery to include a wider range of body types, but many companies are still failing to serve the plus-size consumer.
The market for plus-size fashion is worth nearly $30 billion in the US alone. But while brands are upping marketing rhetoric and imagery to include a wider range of body types, many companies are still failing to serve the plus-size consumer.
In the latest episode of The BoF Podcast, chief correspondent Lauren Sherman speaks with Marie Denee, creator and editor-in-chief of The Curvy Fashionista, Alexandra Waldman, co-founder and creative director of Universal Standard and BoF’s senior editorial associate Alexandra Mondalek about the right way to do plus-size fashion.
Plus-size customers want one thing: choice. But too often they’re left sifting through limited ranges that reflect a narrow view of how they should dress. “Give us the same assortment,” Denee said, adding that brands must unlearn tropes about what the industry can offer plus-size consumers.
Lazy marketing that co-opts the language of body positivity without really serving plus-size shoppers is also a problem. “We have to learn to speak to a consumer that has been not just ignored, but belittled… it’s an emotional minefield,” said Waldman. “Body positivity is a personal journey.”
Companies need to invest in plus-size ranges too, taking the time and spending the cash to perfect fit, style and branding. “You have got to be led by the change and not the money,” explains Waldman.
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The designer’s teacher turned close collaborator and friend, reflects on how Elbaz communicated his fashion dreams to the world.
Ever since the news of Alber Elbaz’s death broke last weekend, the fashion world has been in a collective state of mourning. Many have eulogised and memorialised the designer’s unique ability to make women feel empowered in the clothes designed. But few knew him better than Shelly Verthime, his close friend and collaborator, who first met him as his teacher at the Shenkar College of Engineering and Design in Israel.
This week on The BoF Podcast, editor-in-chief Imran Amed and editor-at-large Tim Blanks speak with Verthime and reflect on Elbaz’s influence, recounting the highs and lows of his career defining moments.
From the beginning of his career, Verthime said Elbaz created a clear path for the steps he wished to take with the industry. “I knew that there was just something so special about him, it was so clear to me where he is going,” she said. “At the time I was his teacher but very, very soon he became my teacher, and then he became [the industry’s] teacher and mentor and friend.”
Throughout his career, Elbaz exercised the power of communication as well as creativity. Elbaz was an “original creator, emotional creator but he was a fantastic communicator,” Verthime said. “He knew what works and what doesn’t work for him.”
Elbaz was known for his efforts to empower women, dressing them suit to their needs and build their confidence. His close relationship to his mother facilitated his understanding of women as multifaceted. “What he wanted to do was that his clothes would enhance the personality, where you see the face… it was about the woman who would wear it,” said Verthime. “He wanted assertive women [and] he wanted women to love themselves.”
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The late designer shared his musings, wisdom and advice for the fashion industry in a talk at BoF VOICES in 2018.
Alber Elbaz, who died aged 59 of Covid-19 over the weekend, was a revered and beloved figure in the fashion industry. The designer, famed for revitalising the fortunes of Lanvin before a dispute with his owner led to his abrupt departure, had just returned to fashion after a five-year hiatus.
He debuted his new venture, AZ Factory, during Paris Couture Week in January. The joint venture with Richemont was designed to reflect a better model for the fashion system, the pressures and strains of which Elbaz knew all too well.
In a heartfelt, funny, thoughtful and poignant address at BoF VOICES in November 2018, Elbaz shared a mix of personal anecdotes, observations and lessons for the fashion industry:
Fashion needs to pare back its unfettered production cycle to a level that’s manageable for young designers straining under the “speed of the system,” he said. Elbaz compared the industry’s constant demand for newness to an old recipe that uses too much fat: “Maybe [it’s time] to cut the butter out and make it healthier.”
Creative instinct and improvisation are far more valuable than the tech tools that might be available to designers. “Life is full of codes, formulas, databases and algorithms,” said Elbaz. “Overuse of all of those can kill intuition and intuition is the essence of creation. This is the essence of life itself.”
There’s more to fashion creation than just empty aspirational content. Long-time muse and client Meryl Streep “said that I never tried to transform her, but I helped her to be a better version of herself,” said Elbaz. “I believe that’s what fashion does best. It’s dreams, but it’s no longer just dreams. It’s also about solutions. It’s also about solving problems with a dream.”
Above all, celebrate your audience. “For years, I felt I was hugging people with my clothes,” he said. “I thought that every dress I make would be hugging the woman who is wearing it. Years later, I received all these hugs back from you fashion people.”
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Fashion is a notoriously opaque industry. That’s a big problem when the industry is focusing on reducing its negative environmental and social impact.
One of the biggest challenges facing the fashion industry in its efforts to become more responsible and sustainable is bad data. While companies are under increased pressure to provide more information about working conditions and greenhouse gas emissions, the data they share is limited and often of dubious quality. At the BoF Professional Summit: Closing Fashion’s Sustainability Gap, Linda E. Greer, a global fellow at the Institute of Public and Environmental Affairs and a member of BoF’s Sustainability Council, joined BoF London editor Sarah Kent for a discussion on how fashion’s bad data is affecting its sustainability efforts.
Companies often lack oversight into their own supply chains, preventing labour conditions and environmental impact from being properly recorded or addressed. Full supply chain transparency is critical for companies to trace and collect data.
This opacity also allows companies to avoid accountability for working conditions and the environmental footprint of their sprawling global supply chains. “There is a level at which the lack of transparency is working for these companies, because it allows them to perpetuate the status quo,” said Greer.
Stricter regulation would force companies to do more, but in its absence Greer recommends companies start by looking at emissions from their manufacturing base. “If you’re not doing that, you’re just not in the game,” said Greer.
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Fashion has routinely failed the millions of people who make its clothes. What should the industry do to create systemic change?
Over the past year, the pandemic has laid bare — and worsened — the stark inequality, financial insecurity and poor working conditions endemic to the global garment industry. This has been driven by years of voluntary self-regulation, outsourced labour, and the pursuit of maximum profits by brands and retailers.
At the BoF Professional Summit: Closing Fashion’s Sustainability Gap, BoF London editor Sarah Kent was joined by Ayesha Barenblat, founder and chief executive of Remake; Ritu Sethi, founder-trustee, Craft Revival Trust and editor, Global InCH; and Anannya Bhattacharjee, international coordinator, Asia Floor Wage Alliance, to discuss how the global fashion industry is failing its garment makers, and what needs to change.
Many of the challenges facing the garment industry today are systemic. “The business model, whether luxury or mass market, is set to exploit people,” said Barenblat, also noting that it is mostly women of colour “who make our clothes and bring our fashion to life.”
Bhattacharjee said brands need to redress the “extreme imbalance of power” with their suppliers by paying the actual cost of production, producing goods in an environmentally sustainable way, and moving away from the industry’s reliance on overproduction and overconsumption. It is also crucial that brands make good on their commitments to support freedom of association in factories, she added.
While the global fashion industry benefits from widespread deregulation, mounting consumer engagement is proving a powerful force for increased accountability. “Consumerism is changing, and I think for the first time we actually have the right period where we can change the discourse from the consumer’s point of view,” said Sethi. Indeed, said Bhattacharjee, “this is a time of opportunity and radical change.”
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The pioneering designer spoke to BoF’s Imran Amed about continuing to push the envelope for sustainable luxury at the BoF Professional Summit: Closing Fashion’s Sustainability Gap.
British designer Stella McCartney has been an advocate and pioneer for sustainability long before it became an industry buzzword. But she is still developing new ways to work. More recently that’s included experiments with leather-like material made with mycelium — or mushroom root structures — and efforts to use cotton and wool sourced from regenerative farms, which restore the health and biodiversity of the land instead of purely extracting from it.
”It’s very simple but today it seems very radical, and really it could be the future of fashion,” she told BoF editor in chief Imran Amed in a keynote address at the BoF Professional Summit: Closing Fashion’s Sustainability Gap. McCartney also shared the compromises she has to make as a designer to work within the parameters of sustainable materials and low-waste production methods and what it will take for the wider industry to wake up to its imperative to change:
Consumer pressure and better regulation will be key for the fashion industry to make changes that are urgently needed. “I don’t think we can rely on our industry to commit to this, as much as we can rely on tomorrow’s customers insisting that this is the only thing they’re going to invest in,” she said. “The only way truly to have significant change in the timeline that we have is for policies to be set into place, for there to be legislation.”
When LVMH took a minority stake in her brand in 2019, McCartney took on a role advising the luxury conglomerate’s CEO Bernard Arnault on sustainability. “The reality with Monsieur Arnault is that he would never have invested in a brand like mine if he didn’t think that this was the future,” she said. “I think it gives off a huge message of positivity for the industry.”
For the crop of young designers looking to work sustainably, McCartney has some sage advice: value collaboration and mutual learning over competition; “be a fighter” when it comes to securing better incentives for sustainable practices; and always look for new information on how to be better. “You never stop learning when you work sustainably,” she said.
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A new generation of direct-to-consumer brands like Topicals and Parade are finding success with a powerful community-based approach to marketing.
In a fashion and beauty market packed with look-alike labels, a new generation of digitally native direct-to-consumer brands are adopting a new playbook, pushing bolder messages and aesthetics starting with their key differentiator: community. Skincare brand Topicals and lingerie label Parade have turned celebrating their customers’ skin issues and body shapes that don’t conform to traditional ideals of beauty into a powerful and authentic marketing centrepiece.
In this episode of the BoF Podcast, Topicals’ co-founders Olamide Olowe and Claudia Teng and Parade’s co-founder and chief executive Cami Téllez speak with BoF senior editorial associate Alexandra Mondalek on the power of community and the new direct-to-consumer model.
The new generation of community-focused DTC brands are abandoning the increasingly standardised marketing playbook that has resulted in a proliferation of identical-looking “blands.” Instead, they’re finding new ways to identify with their customer base. “We now know that branding is about creatively finding where [the customer] is and centring around reintroducing the customer to self-expression,” Téllez explains.
Consumers particularly respond to products that speak to their issues in a way that’s relatable and fun. Digitally native brands have often made the consumer experience “quite sterile and bland and their product experience was lacklustre,” says Topicals’ Olowe. Instead Topicals is “celebrating the fun of flare ups.”
Authenticity is key to building community with the new generation of DTC brands utilising their founders’ stories to speak about their products as customers too. Topicals brings “a different perspective to the way that people experience the beauty community… [and] speaking authentically with our community in a different kind of way,” Teng says.
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As retail stores begin to re-open this summer after a year of lockdown, Doug Stephens shares strategies for post-pandemic success from his new book, Resurrecting Retail.
Retail’s Darwinian shakeout over the last year has consolidated market power in the hands of dominant e-commerce players. But a brand, even if small, can still be mighty. The key is focus and finding a relevant niche, Doug Stephens said at VOICES 2020, previewing his new book, Resurrecting Retail, out on April 13.”
In the post-pandemic retail era, purpose will be the new positioning,” Stephens said. “What will be your brand’s reason for existing?” he asked.Stephens outlines 10 reasons why retail should exist in 2021 and beyond, from product education to activism.
“I see Covid-19 not as a mere accelerator, I see it as a threshold,” said Stephens. “As a unique wormhole in time where society as a whole is being pulled out of the industrial era and across the threshold of the digital age.” Though 2020 was challenging for a lot of retail companies, it has made the big ones like Amazon, Alibaba, JD.com and Walmart even stronger and better prepared to capture more of the global retail economy.
Brands must think about purpose: what is the question your brand answers? Companies that succeed in the marketplace do this well. “When we buy Nike products, we’re buying a cultural point of view, and Nike answers a very specific consumer question. The question, of course, is ‘Who inspires me?’” Stephens said.
In the post-pandemic world, the media will no longer be just the message. “Every form of media now, that the consumer has exposure to, is no longer simply a call out to go to the store,” Stephens said. “Every form of media must be the store.”
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Rent the Runway chief executive Jennifer Hyman shares her strategy for making the fashion rental model work as retail, restaurants and workplaces slowly begin to re-open.
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The pandemic was a near-death experience for Rent the Runway, the business that introduced and popularised renting fashion on a wide scale in the United States. As consumers stopped heading to offices and events, chief executive Jennifer Hyman was left wondering: “Will my business still be relevant after Covid?” The executive had to make difficult decisions, fast, laying off and furloughing staff and cutting spending.”
As a leader, that was for sure the hardest thing that I’ve ever had to do,” Hyman told BoF’s Lauren Sherman at VOICES 2020, describing it as “the second founding moment of the company.”
Now, as retail, restaurants and workplaces slowly begin to re-open, the company is betting on a post-pandemic shift in consumer values that couples a desire for more sustainable consumption with a “hedonistic” environment of “worldwide euphoria,” Hyman said.
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BoF’s London editor Sarah Kent and editor-in-chief Imran Amed delve into The BoF Sustainability Index, measuring fashion’s progress towards avoiding catastrophic climate change and achieving broader social imperatives by 2030.
Fashion’s negative impact on people and the planet is in focus like never before. Pressure to change is coming from investors, consumers, regulators and even inside big brands themselves. Companies are responding with high-profile commitments to do better. But are they actually making a difference?
In the latest episode of the BoF Podcast, London editor Sarah Kent and editor-in-chief Imran Amed discuss The BoF Sustainability Index, an in-depth analysis of how 15 of fashion’s largest companies measure up on sustainability.
The fashion industry has an important role to play in tackling global sustainability challenges, both because of its impact and its influence. “Fashion often flies under the radar,” explains Kent. “[But] it has power to really change people’s views and behaviours and drive a shift that other industries can